Alimentation Couche-Tard (TSE:ATD – Get Rating) had its target price upped by analysts at TD Securities from C$67.00 to C$69.00 in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 16.04% from the company’s current price.
Several other research analysts also recently commented on the company. JPMorgan Chase & Co. lifted their target price on Alimentation Couche-Tard from C$54.00 to C$55.00 in a report on Monday, August 29th. National Bankshares raised Alimentation Couche-Tard from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$63.00 to C$68.00 in a research report on Thursday. CIBC lifted their price objective on Alimentation Couche-Tard from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on Alimentation Couche-Tard from C$65.00 to C$70.00 in a research report on Thursday, August 18th. Finally, Desjardins lifted their price objective on Alimentation Couche-Tard from C$60.00 to C$63.00 in a research report on Monday, August 29th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of “Buy” and a consensus price target of C$67.33.
Alimentation Couche-Tard Trading Up 1.2 %
TSE ATD opened at C$59.46 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.22 and a debt-to-equity ratio of 76.17. Alimentation Couche-Tard has a twelve month low of C$45.23 and a twelve month high of C$60.66. The company has a market cap of C$60.77 billion and a price-to-earnings ratio of 18.13. The business’s fifty day moving average is C$55.37 and its 200 day moving average is C$54.70.
About Alimentation Couche-Tard
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.
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