Canadian Tire (TSE:CTC.A) Hits New 52-Week Low – Time to Sell?

Canadian Tire Co. Limited (TSE:CTC.A) hit a new 52-week low during trading on Monday . The company traded as low as C$197.55 and last traded at C$151.90, with a volume of 98696 shares. The stock had previously closed at C$152.87.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. CIBC boosted their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Royal Bank of Canada boosted their price objective on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Tire presently has a consensus rating of “Moderate Buy” and an average target price of C$147.89.

Canadian Tire Stock Down 0.4 %

The stock has a market capitalization of C$7.89 billion, a P/E ratio of 22.08, a PEG ratio of 0.35 and a beta of 1.33. The business has a 50-day simple moving average of C$153.29 and a two-hundred day simple moving average of C$150.08. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58.

Insider Buying and Selling at Canadian Tire

In other Canadian Tire news, Director Steve Frazier acquired 350 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of C$152.56 per share, for a total transaction of C$53,397.68. Corporate insiders own 1.90% of the company’s stock.

About Canadian Tire

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.