Scotiabank Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$83.00

Alimentation Couche-Tard (TSE:ATD) had its price objective cut by equities researchers at Scotiabank from C$85.00 to C$83.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 17.95% from the stock’s current price.

A number of other research analysts also recently commented on ATD. Desjardins reduced their price target on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a report on Thursday. BMO Capital Markets reduced their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. National Bankshares reduced their target price on Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating on the stock in a report on Thursday. UBS Group reduced their target price on Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday, March 17th. Finally, CIBC reduced their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a report on Thursday. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$86.31.

Alimentation Couche-Tard Trading Down 0.4 %

Shares of ATD opened at C$70.37 on Thursday. The company has a market capitalization of C$46.75 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$85.53. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a 50-day moving average price of C$72.96 and a 200 day moving average price of C$75.61.

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.