Canadian Tire Co. Limited (TSE:CTC.A) Director Sells C$308,000.00 in Stock

Canadian Tire Co. Limited (TSE:CTC.A) Director Dean Charles Mccann sold 1,750 shares of Canadian Tire stock in a transaction on Friday, February 19th. The shares were sold at an average price of C$176.00, for a total value of C$308,000.00. Following the completion of the transaction, the director now owns 2,750 shares of the company’s stock, valued at C$484,000.

Shares of CTC.A traded down C$2.00 during midday trading on Tuesday, reaching C$170.43. The stock had a trading volume of 116,655 shares, compared to its average volume of 201,858. The company’s 50-day moving average is C$173.80 and its 200 day moving average is C$154.63. Canadian Tire Co. Limited has a 12-month low of C$67.15 and a 12-month high of C$183.90. The company has a current ratio of 2.03, a quick ratio of 1.51 and a debt-to-equity ratio of 174.26. The company has a market capitalization of C$10.36 billion and a price-to-earnings ratio of 14.01.

Several brokerages have recently weighed in on CTC.A. BMO Capital Markets lifted their price target on Canadian Tire from C$157.00 to C$178.00 in a research report on Friday. TD Securities boosted their target price on Canadian Tire from C$185.00 to C$210.00 and gave the stock a “buy” rating in a research report on Wednesday, January 13th. National Bank Financial boosted their target price on Canadian Tire from C$189.00 to C$199.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada boosted their target price on Canadian Tire from C$198.00 to C$211.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Canaccord Genuity boosted their target price on Canadian Tire from C$160.00 to C$190.00 and gave the stock a “na” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$193.13.

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.

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