Jefferies Financial Group Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$87.00

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its target price reduced by investment analysts at Jefferies Financial Group from C$90.00 to C$87.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target indicates a potential upside of 28.13% from the stock's previous close.

A number of other research analysts have also commented on ATD. BMO Capital Markets cut their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$82.00 in a research report on Thursday, March 20th. Scotiabank cut their price target on Alimentation Couche-Tard from C$83.00 to C$80.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. CIBC reduced their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating for the company in a research report on Thursday, March 20th. National Bankshares decreased their price objective on 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. Finally, Veritas upgraded Alimentation Couche-Tard to a "strong-buy" rating in a research report on Thursday, March 20th. Eleven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of C$83.69.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock traded down C$1.00 during midday trading on Friday, hitting C$67.90. The company had a trading volume of 1,421,770 shares, compared to its average volume of 1,299,434. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$85.53. The business's 50 day simple moving average is C$71.17 and its two-hundred day simple moving average is C$73.04. The stock has a market cap of C$45.11 billion, a PE 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 current ratio of 0.99 and a quick ratio of 0.88.

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.

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