Alimentation Couche-Tard (TSE:ATD) Given New C$85.00 Price Target at Scotiabank

Alimentation Couche-Tard (TSE:ATD) had its target price trimmed by Scotiabank from C$91.00 to C$85.00 in a research note published on Tuesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on ATD. UBS Group set a C$97.00 price objective on shares of Alimentation Couche-Tard and gave the company a “buy” rating in a report on Friday, December 13th. Canaccord Genuity Group decreased their target price on shares of 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. Desjardins decreased their target price on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. CIBC decreased their target price on shares of Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Finally, National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Alimentation Couche-Tard presently has a consensus rating of “Moderate Buy” and an average target price of C$87.54.

Alimentation Couche-Tard Trading Down 0.2 %

Shares of ATD opened at C$70.64 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a 12-month low of C$69.53 and a 12-month high of C$85.53. The firm has a 50-day moving average price of C$75.19 and a 200 day moving average price of C$76.42. The firm has a market capitalization of C$46.93 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.35 and a beta of 0.89.

About Alimentation Couche-Tard

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.