Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$82.00 by Analysts at BMO Capital Markets

Alimentation Couche-Tard (TSE:ATD) had its price target cut by investment analysts at BMO Capital Markets from C$85.00 to C$82.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 16.53% from the company’s current price.

ATD has been the topic of a number of other reports. National Bankshares cut their price target on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus lowered their price objective on Alimentation Couche-Tard from C$88.00 to C$86.00 and set a “buy” rating on the stock in a research note on Thursday. Scotiabank lowered their price objective on Alimentation Couche-Tard from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, CIBC lowered their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Thursday. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$86.31.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$70.37 on Thursday. The company’s 50-day moving average is C$72.96 and its 200 day moving average is C$75.61. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The company has a market capitalization of C$46.75 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$85.53.

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.