Canadian Tire (TSE:CTC.A) Hits New 12-Month High – Should You Buy?

Posted by Thomas Dobrow on Jan 25th, 2025

Shares of Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as C$164.61 and last traded at C$164.37, with a volume of 65649 shares. The stock had previously closed at C$159.62.

Wall Street Analyst Weigh In

A number of research firms have commented on CTC.A. CIBC lifted their target price on Canadian Tire from C$160.00 to C$165.00 in a report on Friday, November 8th. Royal Bank of Canada raised their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$147.89.

Get Our Latest Stock Report on CTC.A

Canadian Tire Trading Up 0.5 %

The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The stock has a 50-day moving average price of C$155.56 and a two-hundred day moving average price of C$152.96. The stock has a market cap of C$8.75 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33.

Insider Buying and Selling at Canadian Tire

In related news, Director Steve Frazier bought 350 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of C$152.56 per share, for a total transaction of C$53,397.68. 1.90% of the stock is owned by company insiders.

Canadian Tire Company Profile

(Get Free Report)

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.