Scotiabank Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price objective lowered by equities research analysts at Scotiabank from C$85.00 to C$83.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 16.79% from the company’s current price.

Several other brokerages have also issued reports on ATD. CIBC dropped their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating on the stock in a research note on Tuesday. UBS Group decreased their price target on Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday. National Bankshares cut their price objective on Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Canaccord Genuity Group cut their price objective 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. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$86.31.

Alimentation Couche-Tard Trading Up 0.5 %

Shares of Alimentation Couche-Tard stock traded up C$0.33 on Thursday, hitting 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 fifty day moving average of C$73.23 and a two-hundred day moving average of C$75.68. The company has a market capitalization of C$47.22 billion, a price-to-earnings ratio of 18.54, 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 one year low of C$65.95 and a one 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.