Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$74.00

Alimentation Couche-Tard (TSE:ATD – Get Rating) had its price objective increased by equities research analysts at Scotiabank from C$71.00 to C$74.00 in a report released on Friday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 20.15% from the stock’s current price.

A number of other research analysts have also weighed in on ATD. TD Securities boosted their target price on shares of Alimentation Couche-Tard from C$69.00 to C$71.00 and gave the stock a “buy” rating in a research report on Thursday, November 24th. Stifel Nicolaus boosted their target price on shares of Alimentation Couche-Tard from C$68.00 to C$74.00 in a research report on Friday. Canaccord Genuity Group boosted their target price on shares of Alimentation Couche-Tard from C$65.00 to C$68.00 in a research report on Thursday, November 24th. CIBC cut their target price on shares of Alimentation Couche-Tard from C$75.00 to C$73.00 in a research report on Thursday, November 24th. Finally, CSFB set a C$65.00 price objective on shares of Alimentation Couche-Tard and gave the company a “neutral” rating in a research report on Wednesday, December 21st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alimentation Couche-Tard currently has an average rating of “Buy” and a consensus price target of C$70.69.

Alimentation Couche-Tard Stock Down 1.6 %

Alimentation Couche-Tard stock opened at C$61.59 on Friday. The firm has a market cap of C$61.00 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.35 and a beta of 0.92. The company has a debt-to-equity ratio of 72.23, a current ratio of 1.36 and a quick ratio of 0.88. Alimentation Couche-Tard has a fifty-two week low of C$49.58 and a fifty-two week high of C$65.95. The firm has a fifty day moving average price of C$62.75 and a two-hundred day moving average price of C$60.75.

Alimentation Couche-Tard Company Profile

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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.