Canadian Tire (TSE:CTC) Share Price Crosses Below 50 Day Moving Average of $273.48

Canadian Tire Co., Limited (TSE:CTCGet Rating)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$273.48 and traded as low as C$253.00. Canadian Tire shares last traded at C$267.00, with a volume of 331 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank dropped their price target on Canadian Tire from C$273.00 to C$258.00 in a research note on Monday, August 29th.

Canadian Tire Stock Performance

The company has a debt-to-equity ratio of 155.50, a current ratio of 1.68 and a quick ratio of 1.15. The business has a 50-day simple moving average of C$273.48 and a 200-day simple moving average of C$303.82. The firm has a market capitalization of C$15.62 billion and a PE ratio of 15.81.

Canadian Tire Company Profile

(Get Rating)

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, tires as well as automotive repair and roadside assistance; kitchen, home organization, decor and essentials, home electronics, pet, and cleaning and consumable products; tools, hardware, paint, electrical, plumbing, home environment, and smart home products; and outdoor recreation, exercise, footwear and apparel, hunting, fishing, camping, and sporting goods.

Further Reading

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