Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$78.00 by Analysts at Scotiabank

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price objective dropped by equities researchers at Scotiabank from C$80.00 to C$78.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Scotiabank's target price would indicate a potential upside of 14.87% from the stock's previous close.

ATD has been the subject of a number of other reports. Jefferies Financial Group decreased their price target on Alimentation Couche-Tard from C$90.00 to C$87.00 and set a "buy" rating for the company in a research report on Friday. Stifel Nicolaus decreased their target price on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. BMO Capital Markets lowered their target price on Alimentation Couche-Tard from C$85.00 to C$82.00 in a research note on Thursday, March 20th. UBS Group reduced their price target on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th. Finally, Desjardins decreased their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Eleven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$83.69.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock traded down C$1.00 during mid-day trading on Friday, hitting C$67.90. 1,421,770 shares of the stock were exchanged, compared to its average volume of 1,299,434. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$85.53. The company has a 50-day simple moving average of C$71.17 and a 200 day simple moving average of C$73.04. The company has a market capitalization of C$45.11 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99.

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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