Canadian Tire Co. Limited (TSE:CTC.A – Get Free Report)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$240.00 and last traded at C$129.61, with a volume of 103488 shares traded. The stock had previously closed at C$128.57.
Analyst Ratings Changes
Several equities analysts recently issued reports on CTC.A shares. CIBC reduced their price objective on shares of Canadian Tire from C$153.00 to C$150.00 and set a “neutral” rating on the stock in a research note on Friday, February 16th. National Bankshares decreased their price objective on Canadian Tire from C$152.00 to C$146.00 and set a “sector perform” rating on the stock in a report on Friday, February 16th. Scotiabank dropped their target price on Canadian Tire from C$158.00 to C$150.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Desjardins decreased their price target on Canadian Tire from C$170.00 to C$160.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Finally, Canaccord Genuity Group cut Canadian Tire from a “buy” rating to a “hold” rating and lowered their price target for the company from C$167.00 to C$154.00 in a report on Wednesday, February 7th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Tire currently has an average rating of “Hold” and a consensus target price of C$162.44.
Read Our Latest Stock Report on Canadian Tire
Canadian Tire Trading Up 2.1 %
Insider Activity
In other news, Director Steve Frazier purchased 400 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were purchased at an average price of C$103.73 per share, with a total value of C$41,490.00. Insiders own 2.93% 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.
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