Canadian Tire (TSE:CTC) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Posted by Joseph Casey on Aug 28th, 2026

Canadian Tire Co., Limited (TSE:CTC – Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$215.60 and traded as low as C$213.00. Canadian Tire shares last traded at C$213.00, with a volume of 440 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upgraded Canadian Tire to a “strong-buy” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Read Our Latest Research Report on Canadian Tire

Canadian Tire Stock Down 1.4%

The firm’s 50-day simple moving average is C$215.67 and its 200-day simple moving average is C$215.96. The company has a debt-to-equity ratio of 141.64, a quick ratio of 1.15 and a current ratio of 1.88. The company has a market capitalization of C$10.96 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 0.49 and a beta of 0.70.

Canadian Tire (TSE:CTC – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported C$3.94 earnings per share for the quarter. Canadian Tire had a net margin of 4.11% and a return on equity of 11.53%. The business had revenue of C$4.30 billion during the quarter. Sell-side analysts forecast that Canadian Tire Co., Limited will post 13.6961722 earnings per share for the current year.

Canadian Tire Company Profile

(Get Free Report)

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.