Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$82.00 at Desjardins

Alimentation Couche-Tard (TSE:ATD) had its target price cut by equities researchers at Desjardins from C$84.00 to C$82.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 15.38% from the stock’s previous close.

Several other research firms have also recently issued reports on ATD. National Bankshares increased their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. BMO Capital Markets cut their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. CIBC reduced their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a research report on Thursday. Canaccord Genuity Group reduced their price target on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group boosted their price target on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Twelve investment analysts have rated the stock with a buy rating and one has assigned 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 target price of C$86.31.

Alimentation Couche-Tard Stock Performance

Shares of ATD stock traded up C$0.33 during trading on Thursday, reaching C$71.07. 828,429 shares of the company’s stock traded hands, compared to its average volume of 1,298,772. The company has a market capitalization of C$47.22 billion, a P/E ratio of 18.54, a PEG ratio of 1.35 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The firm’s 50-day moving average is C$73.23 and its 200 day moving average is C$75.68. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year high of C$85.53.

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.