Alimentation Couche-Tard (TSE:ATD) Sets New 52-Week Low on Analyst Downgrade

Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) shares hit a new 52-week low during trading on Monday after BMO Capital Markets lowered their price target on the stock from C$85.00 to C$82.00. The company traded as low as C$67.50 and last traded at C$68.62, with a volume of 90645 shares trading hands. The stock had previously closed at C$67.77.

Several other brokerages have also recently issued reports on ATD. CIBC lowered their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating on the stock in a research note on Thursday. UBS Group cut their price target on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday. Canaccord Genuity Group raised their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Desjardins lowered their price target on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating on the stock in a report on Thursday. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$86.31.

Alimentation Couche-Tard Stock Down 0.4 %

The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The business's fifty day moving average price is C$73.08 and its two-hundred day moving average price is C$75.65. The firm has a market cap of C$46.75 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.35 and a beta of 0.89.

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About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.