Alimentation Couche-Tard (TSE:ATD.B) Trading 1.6% Higher

Alimentation Couche-Tard Inc (TSE:ATD.B) traded up 1.6% on Monday . The stock traded as high as C$49.85 and last traded at C$49.67. 1,559,433 shares traded hands during trading, a decline of 24% from the average session volume of 2,054,125 shares. The stock had previously closed at C$48.89.

Wall Street Analysts Forecast Growth

Separately, Desjardins upped their price objective on Alimentation Couche-Tard from C$74.00 to C$79.00 in a research report on Tuesday, September 5th.

Alimentation Couche-Tard Stock Performance

The company has a debt-to-equity ratio of 74.62, a current ratio of 1.53 and a quick ratio of 1.07. The company has a market cap of C$52.83 billion and a PE ratio of 16.01. The company has a 50 day simple moving average of C$49.67.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.