Canadian Tire (OTCMKTS:CDNAF) Shares Up 1.1% – Should You Buy?

Shares of Canadian Tire Co., Limited (OTCMKTS:CDNAF) were up 1.1% on Tuesday . The stock traded as high as $119.68 and last traded at $118.86. Approximately 12,043 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 14,289 shares. The stock had previously closed at $117.52.

Analysts Set New Price Targets

Several research analysts have weighed in on CDNAF shares. Scotiabank restated an “underperform” rating on shares of Canadian Tire in a research note on Friday. TD Securities downgraded Canadian Tire from a “buy” rating to a “hold” rating in a research note on Friday. Finally, National Bankshares restated a “sector perform” rating on shares of Canadian Tire in a research note on Wednesday, July 16th.

Canadian Tire Stock Up 1.1%

The company has a 50 day simple moving average of $133.51 and a two-hundred day simple moving average of $117.11.

About Canadian Tire

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, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.