Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$82.00 at TD Securities

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price objective dropped by investment analysts at TD Securities from C$89.00 to C$82.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price suggests a potential upside of 19.87% from the stock's current price.

Several other equities analysts have also recently weighed in on the company. UBS Group cut their price target on Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday, March 17th. CIBC reduced their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating on the stock in a research report on Thursday, March 20th. National Bankshares lowered their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Scotiabank reduced their target price on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 and set an "outperform" rating on the stock in a report on Thursday, March 20th. Finally, Veritas upgraded shares of Alimentation Couche-Tard to a "strong-buy" rating in a research report on Thursday, March 20th. Ten analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Alimentation Couche-Tard has a consensus rating of "Buy" and a consensus price target of C$85.33.

Alimentation Couche-Tard Price Performance

Shares of Alimentation Couche-Tard stock traded up C$0.06 during trading on Monday, reaching C$68.41. 479,291 shares of the stock traded hands, compared to its average volume of 1,296,877. Alimentation Couche-Tard has a 52-week low of C$65.95 and a 52-week high of C$85.53. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The business has a fifty day simple moving average of C$70.40 and a two-hundred day simple moving average of C$74.49. The company has a market capitalization of C$45.45 billion, a price-to-earnings ratio of 17.84, a P/E/G 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.