Canadian Tire (TSE:CTC.A) Stock Passes Above 200-Day Moving Average – Here’s Why

Posted by on May 24th, 2026

Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$179.52 and traded as high as C$179.86. Canadian Tire shares last traded at C$179.11, with a volume of 273,982 shares traded.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD dropped their price target on Canadian Tire from C$205.00 to C$200.00 and set a “hold” rating for the company in a research note on Friday, May 15th. TD Securities boosted their target price on shares of Canadian Tire from C$194.00 to C$205.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada dropped their target price on shares of Canadian Tire from C$220.00 to C$216.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. Desjardins cut their target price on shares of Canadian Tire from C$203.00 to C$200.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Finally, BMO Capital Markets reduced their price target on shares of Canadian Tire from C$194.00 to C$185.00 and set a “market perform” rating on the stock in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Canadian Tire presently has an average rating of “Hold” and an average price target of C$197.50.

Read Our Latest Analysis on Canadian Tire

Canadian Tire Trading Up 0.7%

The firm has a market cap of C$9.42 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.35 and a beta of 1.17. The stock has a 50 day simple moving average of C$187.01 and a 200-day simple moving average of C$179.52. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Canadian Tire (TSE:CTC.A – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported C$2.02 earnings per share for the quarter. The firm had revenue of C$3.57 billion during the quarter. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. On average, equities research analysts expect that Canadian Tire Co. Limited will post 13.638961 EPS for the current fiscal year.

Canadian Tire Company Profile

(Get Free Report)

Canadian Tire Corporation, Limited, (TSX: CTC.A) (TSX: CTC) or ‘CTC’, is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions. Party City, PartSource and Gas+ are key parts of the Canadian Tire network. The Retail segment also includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, a hockey specialty store catering to elite players; and SportChek, Hockey Experts, Sports Experts and Atmosphere, which offer the best active wear brands.

See Also

Receive News & Ratings for Canadian Tire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Tire and related companies with MarketBeat.com's FREE daily email newsletter.