Canadian Tire (OTCMKTS:CDNAF) Sets New 12-Month High – Here’s Why

Canadian Tire Co., Limited (OTCMKTS:CDNAF) shares hit a new 52-week high on Thursday . The company traded as high as $152.90 and last traded at $146.26, with a volume of 103 shares trading hands. The stock had previously closed at $143.8555.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Canadian Tire in a research report on Friday, February 20th. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a research report on Friday, February 20th. TD Securities reiterated a “hold” rating and set a $205.00 price target on shares of Canadian Tire in a research report on Friday, February 20th. Finally, Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating in a research note on Friday, February 20th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Canadian Tire has an average rating of “Hold” and an average price target of $205.00.

Canadian Tire Trading Up 0.8%

The company’s 50 day moving average price is $136.58 and its 200 day moving average price is $127.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.44. The firm has a market cap of $7.74 billion and a PE ratio of 45.52.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.