Alimentation Couche-Tard (TSE:ATD) PT Raised to C$85.00 at Royal Bank of Canada

Alimentation Couche-Tard (TSE:ATD – Get Rating) had its price objective lifted by stock analysts at Royal Bank of Canada from C$82.00 to C$85.00 in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 38.01% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. increased their price objective on Alimentation Couche-Tard from C$54.00 to C$66.00 in a research report on Monday, March 6th. Stifel Nicolaus increased their target price on Alimentation Couche-Tard from C$68.00 to C$74.00 in a report on Friday. National Bankshares increased their target price on Alimentation Couche-Tard from C$67.00 to C$68.00 and gave the company an “outperform” rating in a report on Thursday, March 9th. TD Securities increased their target price on Alimentation Couche-Tard from C$71.00 to C$74.00 and gave the company a “buy” rating in a report on Friday. Finally, Canaccord Genuity Group increased their target price on Alimentation Couche-Tard from C$65.00 to C$68.00 in a report on Thursday, November 24th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$70.69.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$61.59 on Friday. Alimentation Couche-Tard has a one year low of C$49.58 and a one year high of C$65.95. The stock has a fifty day moving average of C$62.75 and a 200-day moving average of C$60.75. The company has a market capitalization of C$61.00 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. The company has a debt-to-equity ratio of 72.23, a quick ratio of 0.88 and a current ratio of 1.36.

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.