Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$94.00 at UBS Group

Alimentation Couche-Tard (TSE:ATD) had its price objective lowered by analysts at UBS Group from C$97.00 to C$94.00 in a report issued on Monday,BayStreet.CA reports. UBS Group’s price target would suggest a potential upside of 38.54% from the company’s previous close.

Other equities analysts also recently issued reports about the company. TD Securities dropped their price target on 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. National Bankshares boosted their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. BMO Capital Markets dropped their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. Scotiabank reduced their target price on shares of Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating for the company in a report on Tuesday, March 4th. 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 report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$87.31.

Alimentation Couche-Tard Stock Performance

ATD traded up C$0.08 during midday trading on Monday, hitting C$67.85. 759,113 shares of the company traded hands, compared to its average volume of 1,259,781. The company’s 50-day moving average is C$73.73 and its 200 day moving average is C$75.88. Alimentation Couche-Tard has a 52 week low of C$67.50 and a 52 week high of C$85.53. The firm has a market capitalization of C$45.08 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

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.