Alimentation Couche-Tard (TSE:ATD) PT Raised to C$74.00 at Stifel Nicolaus

Alimentation Couche-Tard (TSE:ATD – Get Rating) had its target price upped by investment analysts at Stifel Nicolaus from C$68.00 to C$74.00 in a note issued to investors on Friday, BayStreet.CA reports. Stifel Nicolaus’ price objective indicates a potential upside of 20.15% from the company’s previous close.

A number of other research firms also recently issued reports on ATD. National Bankshares increased their price target on Alimentation Couche-Tard from C$67.00 to C$68.00 and gave the stock an “outperform” rating in a research report on Thursday, March 9th. TD Securities raised their price objective on Alimentation Couche-Tard from C$69.00 to C$71.00 and gave the company a “buy” rating in a research report on Thursday, November 24th. CIBC dropped their price objective on Alimentation Couche-Tard from C$75.00 to C$73.00 in a research report on Thursday, November 24th. Scotiabank raised their price objective on Alimentation Couche-Tard from C$68.50 to C$71.00 in a research report on Wednesday, March 8th. Finally, CSFB set a C$65.00 price objective on Alimentation Couche-Tard and gave the company a “neutral” rating in a research report on Wednesday, December 21st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$70.69.

Alimentation Couche-Tard Price Performance

ATD opened at C$61.59 on Friday. Alimentation Couche-Tard has a 12-month low of C$49.58 and a 12-month high of C$65.95. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 72.23. The business’s fifty day simple moving average is C$62.75 and its 200-day simple moving average is C$60.75. The company has a market capitalization of C$61.00 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.35 and a beta of 0.92.

About Alimentation Couche-Tard

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Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.