Alimentation Couche-Tard (TSE:ATD) Given New C$89.00 Price Target at TD Securities

Alimentation Couche-Tard (TSE:ATD) had its price target boosted by equities researchers at TD Securities from C$85.00 to C$89.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 16.74% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group decreased their price target on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a “buy” rating for the company in a research report on Friday, June 20th. Stifel Nicolaus upped their price target on shares of Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the company a “buy” rating in a research report on Thursday. CIBC upped their price target on shares of Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research report on Thursday. Desjardins decreased their price target on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a “buy” rating for the company in a research report on Friday, June 27th. Finally, Jefferies Financial Group decreased their price target on shares of Alimentation Couche-Tard from C$90.00 to C$87.00 and set a “buy” rating for the company in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$85.31.

Alimentation Couche-Tard Price Performance

ATD stock opened at C$76.24 on Thursday. The company has a 50 day simple moving average of C$70.90 and a 200 day simple moving average of C$70.81. The stock has a market cap of C$71.71 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 1.35 and a beta of 0.34. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year high of C$83.73. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals.