Alimentation Couche-Tard (TSE:ATD) Given New C$84.00 Price Target at Desjardins

Alimentation Couche-Tard (TSE:ATD) had its target price cut by equities researchers at Desjardins from C$87.00 to C$84.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ price target points to a potential upside of 15.88% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Scotiabank set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a research report on Friday, December 20th. CIBC increased their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. Canaccord Genuity Group raised their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. National Bankshares raised their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Finally, UBS Group set a C$97.00 price objective on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$88.58.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock traded down C$0.48 on Tuesday, reaching C$72.49. 633,386 shares of the company traded hands, compared to its average volume of 1,081,803. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27. The company has a 50 day moving average of C$78.23 and a 200 day moving average of C$77.59. The firm has a market capitalization of C$68.72 billion, a PE ratio of 18.73, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88.

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.