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

Alimentation Couche-Tard (TSE:ATD) had its price objective reduced by Scotiabank from C$91.00 to C$85.00 in a report issued on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also recently weighed in on ATD. Canaccord Genuity Group boosted their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Canaccord Genuity Group dropped their price objective on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a report on Thursday, February 27th. TD Securities dropped their price objective on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. CIBC dropped their price objective on Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Finally, UBS Group set a C$97.00 price objective on Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Friday, December 13th. Two equities 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$87.54.

Alimentation Couche-Tard Stock Performance

Shares of TSE:ATD opened at C$74.06 on Tuesday. The stock has a market capitalization of C$49.21 billion, a P/E ratio of 19.32, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 1-year low of C$69.53 and a 1-year high of C$85.53. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The business has a 50-day moving average price of C$74.87 and a two-hundred day moving average price of C$76.32.

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.