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 Scotiabank from C$80.00 to C$78.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price objective suggests a potential upside of 15.23% from the stock's current price.

Several other research firms have also commented on ATD. Veritas raised shares of Alimentation Couche-Tard to a "strong-buy" rating in a report on Thursday, March 20th. National Bankshares lowered their price target on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Desjardins lowered their price target on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Canaccord Genuity Group lowered their target price on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating on the stock in a research note on Friday, June 20th. Finally, BMO Capital Markets lowered their target price on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a research note 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 MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$83.69.

Alimentation Couche-Tard Stock Performance

Shares of ATD traded up C$0.05 during trading hours on Friday, reaching C$67.69. 1,387,017 shares of the company traded hands, compared to its average volume of 1,316,554. The stock has a market capitalization of C$44.97 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$85.53. The business has a fifty day moving average price of C$71.09 and a 200-day moving average price of C$72.83.

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.