Shares of Alimentation Couche-Tard Inc. (TSE:ATD - Get Free Report) hit a new 52-week low on Tuesday after Scotiabank lowered their price target on the stock from C$91.00 to C$85.00. Scotiabank currently has an outperform rating on the stock. Alimentation Couche-Tard traded as low as C$69.84 and last traded at C$70.13, with a volume of 96949 shares traded. The stock had previously closed at C$70.81.
Several other research analysts have also commented on ATD. UBS Group set a C$97.00 price objective on shares of Alimentation Couche-Tard and gave the company a "buy" rating in a research note on Friday, December 13th. Canaccord Genuity Group reduced 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 report on Thursday, February 27th. CIBC reduced 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 report on Tuesday, February 25th. TD Securities reduced their target price on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, National Bank Financial raised shares of Alimentation Couche-Tard from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$87.54.
Read Our Latest Research Report on Alimentation Couche-Tard
Alimentation Couche-Tard Trading Down 1.8 %
The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The business's fifty day simple moving average is C$74.72 and its two-hundred day simple moving average is C$76.26. The company has a market cap of C$48.34 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.35 and a beta of 0.89.
Alimentation Couche-Tard Company Profile
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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.
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