Canadian Tire (TSE:CTC.A) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Canadian Tire Co. Limited (TSE:CTC.A) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$171.22 and traded as high as C$180.26. Canadian Tire shares last traded at C$178.29, with a volume of 239,017 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Desjardins lifted their price target on shares of Canadian Tire from C$185.00 to C$190.00 in a research note on Friday, November 7th. BMO Capital Markets raised their price objective on shares of Canadian Tire from C$175.00 to C$180.00 in a research note on Monday, November 10th. National Bankshares upped their target price on Canadian Tire from C$197.00 to C$201.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce increased their price target on Canadian Tire from C$181.00 to C$189.00 in a report on Friday, November 7th. Finally, TD Securities boosted their price objective on Canadian Tire from C$183.00 to C$194.00 and gave the company a “hold” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Tire has an average rating of “Hold” and an average price target of C$178.25.

Canadian Tire Stock Down 0.6%

The stock has a market capitalization of C$9.52 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.35 and a beta of 0.90. 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 business’s fifty day moving average price is C$173.40 and its two-hundred day moving average price is C$171.22.

Canadian Tire Company Profile

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.