Brokerages Set Alimentation Couche-Tard Inc. (TSE:ATD) Target Price at C$87.54

Shares of Alimentation Couche-Tard Inc. (TSE:ATD) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$87.54.

A number of brokerages have commented on ATD. Scotiabank cut their price objective on shares of Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. National Bankshares boosted their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Canaccord Genuity Group raised their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group cut their target price on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, TD Securities decreased their price target on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th.

Alimentation Couche-Tard Stock Up 0.0 %

Shares of TSE:ATD opened at C$69.62 on Monday. The company has a market capitalization of C$46.26 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a 50 day moving average of C$74.17 and a two-hundred day moving average of C$76.04. Alimentation Couche-Tard has a 52-week low of C$67.94 and a 52-week high of C$85.53. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.