Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its target price cut by investment analysts at BMO Capital Markets from C$85.00 to C$82.00 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets' target price indicates a potential upside of 16.18% from the stock's current price.
A number of other brokerages have also recently weighed in on ATD. Canaccord Genuity Group dropped their price target on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Desjardins dropped their target price on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating for the company in a report on Thursday. UBS Group reduced their price target on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday, March 17th. Canaccord Genuity Group lifted their price target on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Finally, National Bank Financial upgraded shares of Alimentation Couche-Tard from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of "Buy" and an average price target of C$86.33.
Get Our Latest Stock Analysis on Alimentation Couche-Tard
Alimentation Couche-Tard Price Performance
Shares of TSE:ATD traded up C$0.21 on Thursday, reaching C$70.58. 590,355 shares of the company were exchanged, compared to its average volume of 1,326,893. The company has a 50-day moving average of C$72.96 and a 200-day moving average of C$75.61. 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 firm has a market cap of C$46.89 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$85.53.
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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