Insider Buying: Canadian Tire Co. Limited (TSE:CTC.A) Director Acquires C$270,000.00 in Stock

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Canadian Tire Co. Limited (TSE:CTC.A) Director Claude R. L’heureux acquired 3,000 shares of Canadian Tire stock in a transaction dated Friday, March 20th. The shares were bought at an average price of C$90.00 per share, for a total transaction of C$270,000.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at C$270,000.

Shares of CTC.A opened at C$87.31 on Friday. The firm has a market capitalization of $4.88 billion and a P/E ratio of 6.94. Canadian Tire Co. Limited has a 12-month low of C$67.15 and a 12-month high of C$157.36. The company has a current ratio of 1.66, a quick ratio of 1.24 and a debt-to-equity ratio of 174.93. The firm has a fifty day moving average price of C$123.20 and a 200-day moving average price of C$139.92.

Several equities research analysts recently weighed in on CTC.A shares. National Bank Financial reduced their price target on shares of Canadian Tire from C$178.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Thursday. Royal Bank of Canada cut their price objective on shares of Canadian Tire from C$190.00 to C$171.00 in a research report on Thursday. CIBC boosted their target price on shares of Canadian Tire from C$173.00 to C$178.00 in a research note on Friday, February 14th. Finally, BMO Capital Markets lowered their target price on shares of Canadian Tire from C$159.00 to C$105.00 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Canadian Tire presently has an average rating of “Buy” and an average target price of C$163.00.

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.

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