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

Alimentation Couche-Tard (TSE:ATD - Free Report) had its price objective decreased by CIBC from C$87.00 to C$85.00 in a research note published on Thursday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

ATD has been the subject of several other reports. JPMorgan Chase & Co. lowered their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. National Bankshares lifted their price objective on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. UBS Group cut their target price on Alimentation Couche-Tard from C$97.00 to C$94.00 in a research note on Monday, March 17th. BMO Capital Markets lowered their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. Finally, Scotiabank dropped their price target on shares of Alimentation Couche-Tard from C$91.00 to C$85.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 4th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alimentation Couche-Tard has a consensus rating of "Buy" and a consensus target price of C$86.33.

Remove Ads

Alimentation Couche-Tard Stock Up 0.3 %

Shares of Alimentation Couche-Tard stock traded up C$0.21 during trading on Thursday, hitting C$70.58. The company's stock had a trading volume of 590,355 shares, compared to its average volume of 1,326,893. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$85.53. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The company has a fifty day simple moving average of C$72.96 and a two-hundred day simple moving average of C$75.61. The company has a market capitalization of C$46.89 billion, a PE ratio of 18.41, a P/E/G ratio of 1.35 and a beta of 0.89.

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.