Scotiabank Analysts Give Alimentation Couche-Tard (TSE:ATD) a C$91.00 Price Target

Scotiabank set a C$91.00 target price on Alimentation Couche-Tard (TSE:ATD) in a research note published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also weighed in on ATD. Royal Bank of Canada lowered their price objective on Alimentation Couche-Tard from C$96.00 to C$94.00 in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on Alimentation Couche-Tard from C$83.00 to C$87.00 in a report on Thursday, September 19th. UBS Group set a C$97.00 price objective on shares of Alimentation Couche-Tard and gave the company a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus increased their target price on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Finally, National Bankshares lifted their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and an average price target of C$88.83.

Alimentation Couche-Tard Stock Performance

TSE:ATD opened at C$80.79 on Friday. The company’s 50-day moving average is C$77.46 and its two-hundred day moving average is C$78.15. Alimentation Couche-Tard has a 1-year low of C$71.31 and a 1-year high of C$87.27. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88. The firm has a market capitalization of C$76.59 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.195 per share. The ex-dividend date was Wednesday, December 4th. This is a positive change from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a yield of 0.97%. Alimentation Couche-Tard’s dividend payout ratio is 18.09%.

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.