Canadian Tire (CTC.A) Reaches New 52-Week Low at $139.72

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Canadian Tire Co. Limited (TSE:CTC.A) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$139.72 and last traded at C$139.97, with a volume of 77644 shares. The stock had previously closed at C$140.87.

Several brokerages recently commented on CTC.A. Barclays downgraded shares of Canadian Tire from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from C$193.00 to C$166.00 in a research note on Monday, February 11th. Royal Bank of Canada lifted their target price on shares of Canadian Tire from C$201.00 to C$203.00 in a research note on Monday, February 4th. BMO Capital Markets downgraded shares of Canadian Tire from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$192.00 to C$158.00 in a research note on Friday, February 15th. National Bank Financial decreased their target price on shares of Canadian Tire from C$170.00 to C$169.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Finally, CIBC decreased their target price on shares of Canadian Tire from C$181.00 to C$170.00 in a research note on Friday, February 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$176.00.

The company has a debt-to-equity ratio of 157.36, a quick ratio of 1.17 and a current ratio of 1.61. The company has a market capitalization of $8.37 billion and a P/E ratio of 12.83.

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About Canadian Tire (TSE:CTC.A)

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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