Scotiabank Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$85.00

Alimentation Couche-Tard (TSE:ATD) had its price objective decreased by Scotiabank from C$91.00 to C$85.00 in a research note published on Tuesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. BMO Capital Markets decreased their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. National Bankshares lifted their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. TD Securities decreased their price target on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group decreased 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 note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.54.

Alimentation Couche-Tard Trading Up 3.9 %

Shares of Alimentation Couche-Tard stock opened at C$74.06 on Tuesday. The company’s fifty day simple moving average is C$74.87 and its 200-day simple moving average is C$76.32. The company has a market cap of C$49.21 billion, a price-to-earnings ratio of 19.32, 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. Alimentation Couche-Tard has a 1 year low of C$69.53 and a 1 year high of C$85.53.

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.