Alimentation Couche-Tard (TSE:ATD) Given New C$89.00 Price Target at CIBC

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price target boosted by stock analysts at CIBC from C$88.00 to C$89.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's price objective would indicate a potential upside of 14.84% from the stock's current price.

Other analysts also recently issued research reports about the company. BMO Capital Markets cut their price target on Alimentation Couche-Tard from C$91.00 to C$89.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. National Bank Financial downgraded Alimentation Couche-Tard from an "outperform overweight" rating to a "sector perform overweight" rating in a report on Thursday, March 21st. Desjardins cut their price target on Alimentation Couche-Tard from C$86.00 to C$85.00 and set a "buy" rating on the stock in a report on Thursday. Scotiabank cut their target price on Alimentation Couche-Tard from C$90.00 to C$87.00 and set an "outperform" rating on the stock in a research note on Friday, March 22nd. Finally, Stifel Nicolaus cut their target price on Alimentation Couche-Tard from C$89.00 to C$86.00 and set a "buy" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Alimentation Couche-Tard has a consensus rating of "Moderate Buy" and an average price target of C$80.08.

Alimentation Couche-Tard Stock Performance

Shares of TSE ATD traded up C$0.38 during mid-day trading on Thursday, hitting C$77.50. The company had a trading volume of 1,546,479 shares, compared to its average volume of 1,445,879. The stock has a market cap of C$74.54 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.35 and a beta of 0.85. Alimentation Couche-Tard has a 12 month low of C$64.82 and a 12 month high of C$87.27. The company has a debt-to-equity ratio of 111.10, a current ratio of 0.86 and a quick ratio of 0.88. The firm's 50 day simple moving average is C$77.36 and its two-hundred day simple moving average is C$78.74.

About Alimentation Couche-Tard

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.