Alimentation Couche-Tard (TSE:ATD) PT Raised to C$74.00 at Stifel Nicolaus

Alimentation Couche-Tard (TSE:ATD – Get Rating) had its target price raised by investment analysts at Stifel Nicolaus from C$68.00 to C$74.00 in a note issued to investors on Friday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 20.15% from the company’s previous close.

ATD has been the topic of several other research reports. CIBC cut their price objective on Alimentation Couche-Tard from C$75.00 to C$73.00 in a report on Thursday, November 24th. Scotiabank boosted their price objective on Alimentation Couche-Tard from C$68.50 to C$71.00 in a report on Wednesday, March 8th. CSFB set a C$65.00 price objective on Alimentation Couche-Tard and gave the company a “neutral” rating in a report on Wednesday, December 21st. JPMorgan Chase & Co. boosted their price objective on Alimentation Couche-Tard from C$54.00 to C$66.00 in a report on Monday, March 6th. Finally, Canaccord Genuity Group boosted their price objective on Alimentation Couche-Tard from C$65.00 to C$68.00 in a report on Thursday, November 24th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$70.69.

Alimentation Couche-Tard Price Performance

TSE:ATD opened at C$61.59 on Friday. Alimentation Couche-Tard has a 52 week low of C$49.58 and a 52 week high of C$65.95. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 72.23. The company 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 stock’s fifty day moving average is C$62.75 and its two-hundred day moving average is 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.