Canadian Tire (OTCMKTS:CDNAF) Trading 0.7% Higher – What’s Next?

Canadian Tire Co., Limited (OTCMKTS:CDNAF) traded up 0.7% during trading on Friday . The stock traded as high as $122.0070 and last traded at $121.70. 11,985 shares changed hands during trading, a decline of 68% from the average session volume of 37,135 shares. The stock had previously closed at $120.83.

Analysts Set New Price Targets

CDNAF has been the topic of a number of research reports. Scotiabank reaffirmed an “underperform” rating on shares of Canadian Tire in a research report on Friday, August 8th. TD Securities lowered shares of Canadian Tire from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Canadian Tire Trading Up 0.7%

The company has a 50-day moving average of $120.32 and a 200-day moving average of $125.41.

About Canadian Tire

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.