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

Alimentation Couche-Tard (TSE:ATD – Get Rating) had its target price hoisted by equities research analysts at TD Securities from C$71.00 to C$74.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 20.15% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Royal Bank of Canada upped their target price on Alimentation Couche-Tard from C$80.00 to C$82.00 and gave the stock an “outperform” rating in a research note on Friday, March 3rd. Raymond James upped their target price on Alimentation Couche-Tard from C$65.00 to C$70.00 and gave the stock a “strong-buy” rating in a research note on Monday, November 28th. Scotiabank upped their target price on Alimentation Couche-Tard from C$71.00 to C$74.00 in a research note on Friday. Stifel Nicolaus upped their target price on Alimentation Couche-Tard from C$68.00 to C$74.00 in a research note on Friday. Finally, CSFB set a C$65.00 price target on Alimentation Couche-Tard and gave the stock a “neutral” rating in a research report on Wednesday, December 21st. One research 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. According to data from MarketBeat, Alimentation Couche-Tard has a consensus rating of “Buy” and a consensus price target of C$70.69.

Alimentation Couche-Tard Trading Down 1.6 %

Shares of ATD stock opened at C$61.59 on Friday. The company has a debt-to-equity ratio of 72.23, a current ratio of 1.36 and a quick ratio of 0.88. The company has a market cap 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. The stock has a 50 day simple moving average of C$62.75 and a 200-day simple moving average of C$60.75. Alimentation Couche-Tard has a 1-year low of C$49.58 and a 1-year high of C$65.95.

Alimentation Couche-Tard Company Profile

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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.