Canadian Tire (TSE:CTC.A) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Canadian Tire Co. Limited (TSE:CTC.A)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$161.30 and traded as high as C$194.39. Canadian Tire shares last traded at C$192.74, with a volume of 89,710 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Securities increased their target price on Canadian Tire from C$170.00 to C$181.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Jefferies Financial Group raised their price target on Canadian Tire from C$140.00 to C$164.00 in a research report on Friday, May 9th. Desjardins boosted their price target on Canadian Tire from C$170.00 to C$175.00 and gave the stock a “buy” rating in a report on Friday, May 9th. National Bankshares upped their target price on Canadian Tire from C$173.00 to C$204.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 16th. Finally, BMO Capital Markets increased their price target on Canadian Tire from C$170.00 to C$175.00 in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$175.00.

Canadian Tire Stock Up 0.5%

The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The business has a 50-day moving average price of C$179.46 and a 200-day moving average price of C$161.30. The firm has a market capitalization of C$10.06 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 0.35 and a beta of 1.33.

Insider Activity

In other Canadian Tire news, Director Steve Frazier acquired 450 shares of the stock in a transaction on Monday, June 9th. The shares were bought at an average price of C$178.77 per share, with a total value of C$80,447.09. Insiders own 1.90% of the company’s stock.

Canadian Tire Company Profile

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.