Alimentation Couche-Tard Inc. (TSE:ATD) Receives C$87.54 Average Price Target from Analysts

Alimentation Couche-Tard Inc. (TSE:ATD) has received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$87.54.

A number of analysts have weighed in on the stock. Desjardins reduced their price target on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Canaccord Genuity Group cut their price target on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a report on Thursday, February 27th. UBS Group set a C$97.00 price objective on Alimentation Couche-Tard and gave the company a “buy” rating in a research report on Friday, December 13th. 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, Scotiabank decreased their price target on shares of Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th.

Alimentation Couche-Tard Stock Up 0.0 %

Alimentation Couche-Tard stock opened at C$69.62 on Monday. The firm has a market cap of C$46.26 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.35 and a beta of 0.89. The firm has a fifty day moving average price of C$74.17 and a two-hundred day moving average price of C$76.04. Alimentation Couche-Tard has a fifty-two week low of C$67.94 and a fifty-two week high of C$85.53. 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.