BMO Capital Markets Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATDGet Free Report) had its target price dropped by investment analysts at BMO Capital Markets from C$87.00 to C$85.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 17.26% from the company’s previous close.

ATD has been the subject of several other reports. Desjardins increased their price objective on Alimentation Couche-Tard from C$84.00 to C$85.00 in a report on Wednesday, November 27th. Canaccord Genuity Group boosted their target price on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. National Bankshares upped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, UBS Group set a C$97.00 price target on Alimentation Couche-Tard and gave the company a “buy” rating in a research note on Friday, December 13th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of “Moderate Buy” and an average target price of C$88.58.

Check Out Our Latest Report on Alimentation Couche-Tard

Alimentation Couche-Tard Trading Down 0.7 %

Shares of TSE:ATD opened at C$72.49 on Monday. Alimentation Couche-Tard has a 1-year low of C$71.31 and a 1-year high of C$87.27. The stock has a market capitalization of C$68.72 billion, a price-to-earnings ratio of 18.73, 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. The company has a 50 day moving average price of C$78.23 and a 200 day moving average price of C$77.59.

About Alimentation Couche-Tard

(Get Free Report)

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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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD)

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