Canadian Tire (CTC.A) Hits New 12-Month Low at $138.95

Shares of Canadian Tire Co. Limited (TSE:CTC.A) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$138.95 and last traded at C$140.05, with a volume of 261266 shares changing hands. The stock had previously closed at C$139.10.

A number of analysts recently issued reports on CTC.A shares. Desjardins lifted their target price on Canadian Tire from C$180.00 to C$185.00 in a research report on Friday, May 10th. National Bank Financial set a C$166.00 target price on Canadian Tire in a research report on Friday, May 10th. Royal Bank of Canada lifted their target price on Canadian Tire from C$201.00 to C$203.00 in a research report on Monday, February 4th. Raymond James lowered their target price on Canadian Tire from C$181.00 to C$175.00 in a research report on Friday, February 15th. Finally, CIBC lowered their target price on Canadian Tire from C$181.00 to C$170.00 in a research report on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Canadian Tire currently has an average rating of “Buy” and a consensus price target of C$176.00.

The stock has a market capitalization of $8.45 billion and a price-to-earnings ratio of 12.96. The company has a debt-to-equity ratio of 157.36, a current ratio of 1.61 and a quick ratio of 1.17.

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Canadian Tire Company Profile (TSE:CTC.A)

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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