Scotiabank Forecasts Strong Price Appreciation for Alimentation Couche-Tard (TSE:ATD) Stock

Alimentation Couche-Tard (TSE:ATD) had its target price upped by research analysts at Scotiabank from C$78.00 to C$84.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 10.18% from the stock’s previous close.

ATD has been the subject of several other reports. CIBC increased their price target on Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. lowered their target price on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an “outperform” rating for the company in a research note on Tuesday, June 10th. National Bankshares lowered their target price on Alimentation Couche-Tard from C$86.00 to C$81.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada lowered their target price on Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets downgraded Alimentation Couche-Tard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Alimentation Couche-Tard currently has a consensus rating of “Buy” and an average price target of C$85.31.

Alimentation Couche-Tard Stock Up 2.9%

Shares of TSE ATD opened at C$76.24 on Thursday. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$83.73. The company has a market cap of C$71.71 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.35 and a beta of 0.34. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The stock has a fifty day moving average price of C$70.90 and a 200 day moving average price of C$70.81.

Alimentation Couche-Tard Company Profile

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.