Alimentation Couche-Tard (TSE:ATD) PT Raised to C$76.00 at CIBC

Alimentation Couche-Tard (TSE:ATDGet Rating) had its price objective increased by research analysts at CIBC from C$73.00 to C$76.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 23.40% from the company’s current price.

Several other equities analysts also recently commented on ATD. Scotiabank increased their price objective on shares of Alimentation Couche-Tard from C$71.00 to C$74.00 in a research note on Friday. CSFB set a C$65.00 price target on shares of Alimentation Couche-Tard and gave the company a “neutral” rating in a research report on Wednesday, December 21st. National Bankshares upped their price target on shares of Alimentation Couche-Tard from C$67.00 to C$68.00 and gave the company an “outperform” rating in a research report on Thursday, March 9th. Canaccord Genuity Group upped their price target on shares of Alimentation Couche-Tard from C$65.00 to C$68.00 in a research report on Thursday, November 24th. Finally, TD Securities upped their price target on shares of 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. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$70.69.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$61.59 on Friday. 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 company has a debt-to-equity ratio of 72.23, a current ratio of 1.36 and a quick ratio of 0.88. The firm 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 one year low of C$49.58 and a one 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.

Further Reading

Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD)

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