BMO Capital Markets Upgrades Canadian Tire (TSE:CTC) to Strong-Buy

Canadian Tire (TSE:CTC) was upgraded by equities researchers at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts also recently commented on CTC. Royal Bank of Canada downgraded Canadian Tire from a “moderate buy” rating to a “hold” rating in a report on Friday, November 8th. Scotiabank set a C$140.00 price objective on Canadian Tire and gave the stock an “underperform” rating in a report on Friday, February 7th.

Canadian Tire Price Performance

CTC opened at C$224.90 on Thursday. The stock has a 50-day moving average price of C$218.61 and a 200-day moving average price of C$223.50. The company has a debt-to-equity ratio of 150.68, a current ratio of 1.60 and a quick ratio of 1.15. The firm has a market cap of C$8.61 billion, a PE ratio of 12.91, a P/E/G ratio of 0.49 and a beta of 1.33. Canadian Tire has a 1 year low of C$192.10 and a 1 year high of C$275.36.

About Canadian Tire

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.