Alimentation Couche-Tard (TSE:ATD) Price Target Increased to C$74.00 by Analysts at TD Securities

Alimentation Couche-Tard (TSE:ATDGet Rating) had its target price increased by research analysts at TD Securities from C$71.00 to C$74.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 20.15% from the company’s previous close.

ATD has been the topic of a number of other research reports. Royal Bank of Canada increased their price objective on Alimentation Couche-Tard from C$80.00 to C$82.00 and gave the company an “outperform” rating in a report on Friday, March 3rd. Raymond James increased their price objective on Alimentation Couche-Tard from C$65.00 to C$70.00 and gave the company a “strong-buy” rating in a report on Monday, November 28th. Canaccord Genuity Group increased their price objective on Alimentation Couche-Tard from C$65.00 to C$68.00 in a report on Thursday, November 24th. JPMorgan Chase & Co. increased their price objective on Alimentation Couche-Tard from C$54.00 to C$66.00 in a report on Monday, March 6th. Finally, Stifel Nicolaus raised their price target on Alimentation Couche-Tard from C$68.00 to C$74.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Alimentation Couche-Tard has a consensus rating of “Buy” and an average target price of C$70.69.

Alimentation Couche-Tard Price Performance

ATD stock opened at C$61.59 on Friday. The company has a debt-to-equity ratio of 72.23, a current ratio of 1.36 and a quick ratio of 0.88. The firm has a market capitalization of C$61.00 billion, a P/E ratio of 16.42, a P/E/G ratio of 1.35 and a beta of 0.92. The business’s 50-day moving average is C$62.75 and its two-hundred day moving average is C$60.75. Alimentation Couche-Tard has a 1 year low of C$49.58 and a 1 year high of C$65.95.

About Alimentation Couche-Tard

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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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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD)

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