Alimentation Couche-Tard (TSE:ATD) PT Raised to C$85.00 at Royal Bank of Canada

Alimentation Couche-Tard (TSE:ATD – Get Rating) had its price target upped by equities researchers at Royal Bank of Canada from C$82.00 to C$85.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 38.01% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. National Bankshares upped their price target 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. Canaccord Genuity Group raised their price target on shares of Alimentation Couche-Tard from C$65.00 to C$68.00 in a report on Thursday, November 24th. CSFB set a C$65.00 price objective on shares of Alimentation Couche-Tard and gave the company a “neutral” rating in a research note on Wednesday, December 21st. Scotiabank raised their price objective on shares of Alimentation Couche-Tard from C$71.00 to C$74.00 in a research note on Friday. Finally, Stifel Nicolaus raised their price target on shares of Alimentation Couche-Tard from C$68.00 to C$74.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$70.69.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$61.59 on Friday. The company 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. 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 50 day simple moving average of C$62.75 and a 200 day simple moving average of C$60.75. Alimentation Couche-Tard has a one year low of C$49.58 and a one year high of C$65.95.

Alimentation Couche-Tard Company Profile

(Get Rating)

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.