Canadian Tire (TSE:CTC) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Canadian Tire Co., Limited (TSE:CTC)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$225.97 and traded as low as C$201.12. Canadian Tire shares last traded at C$210.26, with a volume of 1,292 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on CTC shares. BMO Capital Markets upgraded Canadian Tire from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Scotiabank set a C$140.00 price objective on shares of Canadian Tire and gave the company an “underperform” rating in a research report on Friday, February 7th.

Canadian Tire Trading Down 0.0 %

The company has a debt-to-equity ratio of 150.68, a quick ratio of 1.15 and a current ratio of 1.60. The stock has a 50-day moving average price of C$226.08 and a 200-day moving average price of C$224.19. The stock has a market cap of C$8.04 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.49 and a beta of 1.33.

About Canadian Tire

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.