BMO Capital Markets Upgrades Canadian Tire (TSE:CTC) to “Strong-Buy”

BMO Capital Markets upgraded shares of Canadian Tire (TSE:CTC) from a hold rating to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Scotiabank set a C$140.00 price target on Canadian Tire and gave the stock an “underperform” rating in a research note on Friday, February 7th. Royal Bank of Canada lowered Canadian Tire from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 8th.

Canadian Tire Stock Performance

Shares of CTC stock opened at C$224.90 on Thursday. The company has a debt-to-equity ratio of 150.68, a current ratio of 1.60 and a quick ratio of 1.15. The company’s fifty day moving average price is C$218.61 and its two-hundred day moving average price is C$223.58. The firm has a market capitalization of C$8.61 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.49 and a beta of 1.33. Canadian Tire has a 12 month low of C$192.10 and a 12 month high of C$275.36.

Canadian Tire Company Profile

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.