Alimentation Couche-Tard (TSE:ATD) PT Raised to C$76.00 at CIBC

Alimentation Couche-Tard (TSE:ATD – Get Rating) had its price target increased by research analysts at CIBC from C$73.00 to C$76.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 23.40% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Canaccord Genuity Group upped their price target on shares of Alimentation Couche-Tard from C$65.00 to C$68.00 in a report on Thursday, November 24th. Scotiabank upped their price target on shares of Alimentation Couche-Tard from C$71.00 to C$74.00 in a report on Friday. Raymond James upped their price target on shares of 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. TD Securities boosted their price objective on shares of Alimentation Couche-Tard from C$69.00 to C$71.00 and gave the company a “buy” rating in a research report on Thursday, November 24th. Finally, National Bankshares boosted their price objective on shares of Alimentation Couche-Tard from C$67.00 to C$68.00 and gave the company an “outperform” rating in a research report on Thursday, March 9th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$70.69.

Alimentation Couche-Tard Trading Down 1.6 %

Shares of ATD opened at C$61.59 on Friday. The firm has a 50 day moving average price of C$62.75 and a 200-day moving average price of C$60.75. Alimentation Couche-Tard has a fifty-two week low of C$49.58 and a fifty-two week high of C$65.95. The company has a debt-to-equity ratio of 72.23, a quick ratio of 0.88 and a current ratio of 1.36. The firm has a market cap of C$61.00 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.35 and a beta of 0.92.

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.