Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its price target reduced by research analysts at Scotiabank from C$83.00 to C$80.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 10.00% from the stock's previous close.
Other research analysts have also recently issued reports about the stock. Veritas raised shares of Alimentation Couche-Tard to a "strong-buy" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. lowered their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. TD Securities decreased their target price on shares of Alimentation Couche-Tard from C$89.00 to C$82.00 and set a "buy" rating for the company in a research report on Monday, May 12th. UBS Group reduced their target price on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th. Finally, CIBC cut their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an "outperform" rating for the company in a report on Thursday, March 20th. Ten investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$84.75.
Get Our Latest Stock Report on Alimentation Couche-Tard
Alimentation Couche-Tard Stock Down 0.0%
Shares of Alimentation Couche-Tard stock traded down C$0.02 during midday trading on Wednesday, hitting C$72.73. The company's stock had a trading volume of 695,106 shares, compared to its average volume of 1,288,747. The firm has a market capitalization of C$48.32 billion, a P/E ratio of 18.97, a PEG ratio of 1.35 and a beta of 0.89. The stock has a 50-day simple moving average of C$70.44 and a 200-day simple moving average of C$74.18. 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 1-year low of C$65.95 and a 1-year high of C$85.53.
Alimentation Couche-Tard Company Profile
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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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