Canadian Tire (OTCMKTS:CDNAF) Stock Price Up 0.7% – Time to Buy?

Canadian Tire Co., Limited (OTCMKTS:CDNAF) was up 0.7% during mid-day trading on Friday . The company traded as high as $122.0070 and last traded at $121.70. Approximately 11,985 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 37,135 shares. The stock had previously closed at $120.83.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. TD Securities cut shares of Canadian Tire from a “buy” rating to a “hold” rating in a research report on Friday, August 8th. Scotiabank reaffirmed an “underperform” rating on shares of Canadian Tire in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Canadian Tire has a consensus rating of “Reduce”.

Canadian Tire Stock Performance

The company’s 50 day moving average is $120.32 and its 200-day moving average is $125.41.

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.