UBS Group Reiterates C$97.00 Price Target for Alimentation Couche-Tard (TSE:ATD)

UBS Group set a C$97.00 target price on Alimentation Couche-Tard (TSE:ATD) in a research report sent to investors on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group raised their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. CIBC increased their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th. Royal Bank of Canada dropped their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. BMO Capital Markets increased their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Finally, Desjardins boosted their price objective on Alimentation Couche-Tard from C$84.00 to C$85.00 in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.50.

Alimentation Couche-Tard Trading Up 0.5 %

TSE:ATD opened at C$80.90 on Friday. The stock has a market cap of C$76.69 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00. Alimentation Couche-Tard has a 1 year low of C$71.31 and a 1 year high of C$87.27. The business has a fifty day moving average of C$76.86 and a 200-day moving average of C$78.10.

Alimentation Couche-Tard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 0.96%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 18.09%.

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.