Alimentation Couche-Tard (TSE:ATD) Given New C$81.00 Price Target at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price target lowered by stock analysts at Canaccord Genuity Group from C$84.00 to C$81.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 16.65% from the company's previous close.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus reduced their price objective on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price objective on Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating for the company in a research note on Tuesday, June 10th. TD Securities dropped their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$82.00 and set a "buy" rating for the company in a report on Monday, May 12th. Scotiabank reduced their target price on shares of Alimentation Couche-Tard from C$83.00 to C$80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Finally, Veritas upgraded shares of Alimentation Couche-Tard to a "strong-buy" rating in a research report on Thursday, March 20th. Ten investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of "Buy" and an average price target of C$84.33.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD traded down C$1.43 during midday trading on Friday, hitting C$69.44. The stock had a trading volume of 1,325,146 shares, compared to its average volume of 1,275,496. The company's 50-day moving average price is C$71.24 and its 200-day moving average price is C$73.47. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$85.53. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The company has a market capitalization of C$46.14 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.

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