Canadian Tire (TSE:CTC.A) Reaches New 12-Month Low – Should You Sell?

Canadian Tire Co. Limited (TSE:CTC.A) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as C$199.00 and last traded at C$152.11, with a volume of 68041 shares trading hands. The stock had previously closed at C$153.44.

Analysts Set New Price Targets

A number of brokerages have recently commented on CTC.A. Royal Bank of Canada lifted their price target on shares of Canadian Tire from C$188.00 to C$192.00 in a research note on Friday, November 8th. CIBC boosted their target price on shares of Canadian Tire from C$160.00 to C$165.00 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$147.89.

Canadian Tire Stock Down 0.9 %

The business has a 50-day moving average price of C$154.13 and a 200 day moving average price of C$149.54. The stock has a market capitalization of C$7.94 billion, a P/E ratio of 22.21, a P/E/G ratio of 0.35 and a beta of 1.33. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58.

Insider Activity

In other news, Director Steve Frazier acquired 350 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of C$152.56 per share, with a total value of C$53,397.68. Corporate insiders own 1.90% of the company’s stock.

About Canadian Tire

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.