Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$86.00 at National Bankshares

Alimentation Couche-Tard (TSE:ATD) had its price objective dropped by equities researchers at National Bankshares from C$88.00 to C$86.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 22.21% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Desjardins dropped their price objective on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating on the stock in a report on Thursday. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Canaccord Genuity Group increased their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Canaccord Genuity Group dropped their price objective on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their price target 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. Twelve equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$86.31.

Alimentation Couche-Tard Trading Down 0.4 %

ATD opened at C$70.37 on Thursday. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$85.53. The company has a market cap of C$46.75 billion, a P/E ratio of 18.36, a PEG ratio of 1.35 and a beta of 0.89. 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 business’s 50-day simple moving average is C$72.96 and its 200-day simple moving average is C$75.61.

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.