Alimentation Couche-Tard (TSE:ATD) Given New C$84.00 Price Target at Desjardins

Alimentation Couche-Tard (TSE:ATD) had its target price lowered by research analysts at Desjardins from C$87.00 to C$84.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price objective would indicate a potential upside of 15.73% from the company’s previous close.

A number of other brokerages have also commented on ATD. UBS Group set a C$97.00 price objective on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Friday, December 13th. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Canaccord Genuity Group raised their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Scotiabank set a C$91.00 target price on Alimentation Couche-Tard and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, CIBC raised their price target on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.58.

Alimentation Couche-Tard Trading Up 0.1 %

TSE ATD opened at C$72.58 on Tuesday. The stock has a market cap of C$68.81 billion, a P/E ratio of 18.75, a PEG ratio of 1.35 and a beta of 0.89. The company’s fifty day simple moving average is C$78.02 and its 200-day simple moving average is C$77.52. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27.

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.