Stifel Nicolaus Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$81.00

Alimentation Couche-Tard (TSE:ATD - Get Free Report) had its target price lowered by analysts at Stifel Nicolaus from C$84.00 to C$81.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective indicates a potential upside of 19.66% from the stock's previous close.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Alimentation Couche-Tard from C$88.00 to C$84.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 10th. Desjardins decreased their price objective on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a "buy" rating on the stock in a report on Friday. UBS Group decreased their price objective on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday, March 17th. CIBC decreased their price objective on shares of 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. Finally, Canaccord Genuity Group reduced their price target on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a "buy" rating on the stock in a report on Friday, June 20th. Ten analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$83.69.

Alimentation Couche-Tard Stock Performance

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

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.