Scotiabank Increases Alimentation Couche-Tard (TSE:ATD) Price Target to C$74.00

Alimentation Couche-Tard (TSE:ATDGet Rating) had its target price raised by analysts at Scotiabank from C$71.00 to C$74.00 in a report issued on Friday, BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 20.15% from the stock’s current price.

A number of other equities analysts also recently commented on the company. CIBC decreased their price target on Alimentation Couche-Tard from C$75.00 to C$73.00 in a research note on Thursday, November 24th. Raymond James lifted their target price on Alimentation Couche-Tard from C$65.00 to C$70.00 and gave the company a “strong-buy” rating in a research note on Monday, November 28th. TD Securities boosted their price objective on Alimentation Couche-Tard from C$69.00 to C$71.00 and gave the stock a “buy” rating in a research report on Thursday, November 24th. National Bankshares boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on Alimentation Couche-Tard from C$54.00 to C$66.00 in a research report on Monday, March 6th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from, the company has an average rating of “Buy” and an average price target of C$70.69.

Alimentation Couche-Tard Stock Down 1.6 %

TSE:ATD opened at C$61.59 on Friday. The company has a market capitalization of C$61.00 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.92. 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 50-day simple moving average of C$62.75 and a 200 day simple moving average of C$60.75. The company has a debt-to-equity ratio of 72.23, a quick ratio of 0.88 and a current ratio of 1.36.

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.

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