BMO Capital Markets Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$82.00

Alimentation Couche-Tard (TSE:ATD) had its price objective lowered by investment analysts at BMO Capital Markets from C$85.00 to C$82.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 16.53% from the stock’s current price.

ATD has been the topic of a number of other reports. TD Securities cut their target price on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. UBS Group cut their target price on Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday, March 17th. Scotiabank cut their target price on Alimentation Couche-Tard from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus cut their target price on Alimentation Couche-Tard from C$88.00 to C$86.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Desjardins cut their target price on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating on the stock in a report on Thursday. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Alimentation Couche-Tard presently has an average rating of “Buy” and an average price target of C$86.31.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock opened at C$70.37 on Thursday. The company has a market cap of C$46.75 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 52 week low of C$65.95 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. The firm has a 50 day moving average of C$72.96 and a 200-day moving average of C$75.61.

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.