Alimentation Couche-Tard (TSE:ATD) Given New C$83.00 Price Target at Scotiabank

Alimentation Couche-Tard (TSE:ATD) had its target price decreased by Scotiabank from C$85.00 to C$83.00 in a report issued on Thursday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on the company. National Bankshares lowered their price target on Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. reduced their price objective 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 report on Tuesday. Canaccord Genuity Group reduced their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Desjardins reduced their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a research report on Thursday. Finally, UBS Group reduced their price objective on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Alimentation Couche-Tard presently has an average rating of “Buy” and a consensus target price of C$86.31.

Alimentation Couche-Tard Stock Performance

TSE ATD opened at C$70.65 on Thursday. 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 52-week low of C$65.95 and a 52-week high of C$85.53. The business’s 50-day moving average price is C$73.08 and its 200 day moving average price is C$75.65. The firm has a market cap of C$46.94 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.35 and a beta of 0.89.

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.