Canadian Tire Co. Limited (TSE:CTC.A) Director Steve Frazier Purchases 450 Shares

Canadian Tire Co. Limited (TSE:CTC.A) Director Steve Frazier acquired 450 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of C$178.77 per share, for a total transaction of C$80,447.09.

Canadian Tire Stock Performance

TSE CTC.A traded up C$0.19 during trading hours on Monday, hitting C$177.49. 167,914 shares of the company’s stock traded hands, compared to its average volume of 330,951. Canadian Tire Co. Limited has a 52 week low of C$132.74 and a 52 week high of C$179.37. The firm has a market capitalization of C$9.26 billion, a P/E ratio of 25.91, 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. The business’s fifty day moving average price is C$157.02 and its two-hundred day moving average price is C$154.35.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Jefferies Financial Group increased their target price on Canadian Tire from C$140.00 to C$164.00 in a research note on Friday, May 9th. BMO Capital Markets boosted their target price on Canadian Tire from C$170.00 to C$175.00 in a research report on Friday, May 9th. Desjardins raised their price target on shares of Canadian Tire from C$170.00 to C$175.00 and gave the company a “buy” rating in a report on Friday, May 9th. National Bankshares lifted their price target on shares of Canadian Tire from C$70.00 to C$174.00 and gave the stock a “sector perform” rating in a research note on Friday, March 7th. Finally, Canaccord Genuity Group lowered their price objective on shares of Canadian Tire from C$158.00 to C$153.00 in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$171.25.

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.