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

Alimentation Couche-Tard (TSE:ATD) had its target price dropped by research analysts at Scotiabank from C$91.00 to C$85.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 20.60% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group decreased their target price on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. National Bankshares boosted their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. CIBC dropped their target price on shares of Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Desjardins decreased their target price on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$87.54.

Alimentation Couche-Tard Stock Down 0.5 %

ATD stock traded down C$0.33 during trading on Tuesday, hitting C$70.48. 463,581 shares of the stock traded hands, compared to its average volume of 1,179,957. The stock has a market cap of C$46.83 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. Alimentation Couche-Tard has a 1 year low of C$69.53 and a 1 year high of C$85.53. The firm’s 50 day moving average is C$75.39 and its two-hundred day moving average is C$76.52.

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.