Alimentation Couche-Tard (TSE:ATD – Free Report) had its target price trimmed by Stifel Nicolaus from C$89.00 to C$86.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
A number of other equities research analysts have also issued reports on the company. Desjardins cut their price target on Alimentation Couche-Tard from C$86.00 to C$85.00 and set a buy rating for the company in a research note on Thursday. Scotiabank cut their price target on Alimentation Couche-Tard from C$90.00 to C$87.00 and set an outperform rating for the company in a research note on Friday, March 22nd. BMO Capital Markets cut their price target on Alimentation Couche-Tard from C$91.00 to C$89.00 and set an outperform rating for the company in a research note on Friday, March 22nd. National Bank Financial lowered Alimentation Couche-Tard from an outperform overweight rating to a sector perform overweight rating in a research note on Thursday, March 21st. Finally, Wells Fargo & Company cut their price target on Alimentation Couche-Tard from C$88.00 to C$86.00 and set an overweight rating for the company in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of C$80.08.
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Alimentation Couche-Tard Trading Up 0.5 %
Alimentation Couche-Tard Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, July 5th. Alimentation Couche-Tard’s payout ratio is 16.99%.
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.
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