Canadian Tire Corporation Limited's stock remains stable amidst a recent partnership announcement.
This week, Canadian Tire Corporation Limited (CTC.TO) has seen little change in its stock price, closing at C$210.00 with a weekly performance of 0.00%. Despite a lack of significant market movement, the company announced a new loyalty partnership that may enhance customer engagement moving forward.
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Canadian Tire Corporation Limited
CTC.TO
CTC.TO
Canadian Tire Corporation Limited
WealthAwesomeMarket cap
$10.95B
P/E
16.5x
Div. yield
3.42%
Div. / share
$7.17
52W high
$259.42
52W low
$198.41
1W change
+0.00%
Beta
0.95
Analyst Price Targets
Based on analyst covering CTC
Wall Street analysts forecast CTC stock price to fall 98.1% over the next 12 months.
Consensus
BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.00
-98.1% Upside
Current Price
C$210.00
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CTC's historical volatility
30-Day Vol
30.2%
Annualized
90-Day Vol
27.9%
Annualized
Trend (90d)
-0.0%
Annualized drift
90d Mean
C$210.00
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$210.00 | C$189.23 โ C$233.05 |
| 60 trading days | C$210.00 | C$181.24 โ C$243.33 |
| 90 trading days | C$210.00 | C$175.34 โ C$251.52 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should consider the implications of the new loyalty partnership and monitor how it might influence consumer behavior, especially in the current economic environment.
C$210.00 Closing Price with 0.00% Daily Change
The stock has seen a slight decline of 2.94% over the past month, indicating potential challenges ahead.
Bull case
The new loyalty partnership with Tims Rewards could bring more customers into Canadian Tire stores, which might lead to increased sales and a more positive market outlook.
Bear case
Analysts are expressing concerns about the company's growth potential, as the stock price is declining relative to moving averages. This raises questions about Canadian Tire's ability to keep up in a competitive retail market.
Price Performance Overview
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Canadian Tire Corporation Limited's stock closed at C$210.00 on Friday, unchanged from the previous day. The stock has not seen significant movement this week, maintaining a steady price despite broader market fluctuations. Over the past month, CTC.TO has experienced a decline of 2.94%, and year-to-date, the stock is down 4.55%. This consistent performance could indicate a period of consolidation following earlier volatility.
Recent Company News
On September 2, Canadian Tire announced a new loyalty partnership with Tims Rewards, aimed at enhancing customer engagement through shared loyalty benefits. This initiative could potentially drive more foot traffic to Canadian Tire stores, as customers may be incentivized to shop more frequently to earn rewards. However, the immediate impact of this partnership on sales and stock performance remains to be seen.
Technical Picture
From a technical perspective, CTC.TO is currently trading below its 50-day moving average of C$215.17 and its 200-day moving average of C$218.42, suggesting a bearish trend in the short to medium term. The stock has a beta of 0.95, indicating that it tends to move in line with the broader market, albeit with slightly less volatility. The current price is within 19% of its 52-week range of C$198.41 to C$259.42, which may indicate a level of support at the lower end of this range.
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