Alimentation Couche-Tard (TSE:ATD) Given New C$85.00 Price Target at BMO Capital Markets

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price objective cut by investment analysts at BMO Capital Markets from C$87.00 to C$85.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. BMO Capital Markets' target price would suggest a potential upside of 17.26% from the stock's previous close.

A number of other research firms also recently issued reports on ATD. Scotiabank set a C$91.00 price objective on Alimentation Couche-Tard and gave the stock an "outperform" rating in a research note on Friday, December 20th. Desjardins lifted their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$85.00 in a research note on Wednesday, November 27th. CIBC upped their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. National Bankshares lifted their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Finally, Canaccord Genuity Group upped their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$88.58.

Alimentation Couche-Tard Price Performance

Shares of TSE ATD traded down C$0.48 during mid-day trading on Monday, reaching C$72.49. The company's stock had a trading volume of 1,352,602 shares, compared to its average volume of 1,107,461. The stock has a fifty day moving average of C$78.23 and a two-hundred day moving average of C$77.59. The firm has a market capitalization of C$68.72 billion, a PE ratio of 18.73, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88.

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.