Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$76.00 at BMO Capital Markets

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price objective dropped by equities researchers at BMO Capital Markets from C$82.00 to C$76.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets' price objective would suggest a potential upside of 11.93% from the company's current price.

A number of other equities research analysts have also recently weighed in on the company. Veritas raised Alimentation Couche-Tard to a "strong-buy" rating in a report on Thursday, March 20th. TD Securities set a C$82.00 price target on Alimentation Couche-Tard and gave the stock a "buy" rating in a research note on Friday. CIBC lowered their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating on the stock in a report on Thursday, March 20th. Stifel Nicolaus cut their price objective 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. Finally, Canaccord Genuity Group decreased their target price on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating for the company in a research report on Friday, June 20th. Eleven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$83.69.

Alimentation Couche-Tard Stock Performance

TSE:ATD traded down C$1.00 during mid-day trading on Friday, hitting C$67.90. The stock had a trading volume of 1,421,770 shares, compared to its average volume of 1,299,434. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. 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 stock has a market capitalization of C$45.11 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$85.53.

About Alimentation Couche-Tard

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.