Scotiabank Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD - Free Report) had its price target lowered by Scotiabank from C$91.00 to C$85.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also commented on the stock. TD Securities dropped their price target on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. UBS Group set a C$97.00 target price on shares of Alimentation Couche-Tard and gave the company a "buy" rating in a research note on Friday, December 13th. Canaccord Genuity Group lowered their target price on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. BMO Capital Markets lowered their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. Finally, CIBC lowered their target price on shares of Alimentation Couche-Tard from C$89.00 to C$87.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$87.54.

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Alimentation Couche-Tard Stock Down 1.8 %

Shares of ATD traded down C$1.31 during mid-day trading on Tuesday, hitting C$72.75. 1,286,201 shares of the company's stock were exchanged, compared to its average volume of 1,202,098. The firm has a fifty day moving average of C$74.72 and a two-hundred day moving average of C$76.26. Alimentation Couche-Tard has a twelve month low of C$69.53 and a twelve month high of C$85.53. The stock has a market cap of C$48.34 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Company Profile

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.