Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$85.00 by Analysts at CIBC

Alimentation Couche-Tard (TSE:ATD) had its target price reduced by CIBC from C$87.00 to C$85.00 in a report published on Thursday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. TD Securities cut their price target on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Scotiabank cut their price objective on 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. Desjardins reduced their target price on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. UBS Group reduced their target price on Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating on the stock in a report on Tuesday. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$86.31.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock opened at C$70.65 on Thursday. The business’s 50-day moving average price is C$73.08 and its 200-day moving average price is C$75.65. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$85.53. The firm has a market capitalization of C$46.94 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54.

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.