Canadian Tire (TSE:CTC) Rating Increased to Strong-Buy at Stifel Nicolaus
by Danessa Lincoln · The Markets DailyStifel Nicolaus upgraded shares of Canadian Tire (TSE:CTC – Free Report) to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.
Separately, Scotiabank raised shares of Canadian Tire from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Tire presently has a consensus rating of “Moderate Buy”.
Canadian Tire Stock Performance
Shares of Canadian Tire stock opened at C$210.00 on Tuesday. The firm has a market capitalization of C$11.05 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 0.49 and a beta of 0.69. The company has a debt-to-equity ratio of 133.63, a current ratio of 1.74 and a quick ratio of 1.15. The company’s fifty day moving average price is C$217.18 and its two-hundred day moving average price is C$220.11. Canadian Tire has a 52-week low of C$200.01 and a 52-week high of C$274.01.
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.