Alimentation Couche-Tard (TSE:ATD) PT Lowered to C$57.00 at JPMorgan Chase & Co.

Alimentation Couche-Tard (TSE:ATDGet Rating) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from C$59.00 to C$57.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 0.71% from the company’s current price.

Several other brokerages have also recently commented on ATD. Scotiabank raised their target price on shares of Alimentation Couche-Tard from C$64.00 to C$66.00 in a report on Thursday, March 17th. BMO Capital Markets raised their price objective on shares of Alimentation Couche-Tard from C$59.00 to C$65.00 in a research note on Thursday, March 17th. TD Securities increased their target price on Alimentation Couche-Tard from C$60.00 to C$62.00 and gave the company a “buy” rating in a report on Thursday, March 17th. Canaccord Genuity Group upgraded Alimentation Couche-Tard from a “hold” rating to a “buy” rating and lifted their price target for the company from C$51.00 to C$61.00 in a report on Thursday, March 17th. Finally, CIBC dropped their price target on Alimentation Couche-Tard from C$57.00 to C$56.00 and set an “outperform” rating on the stock in a research report on Thursday, March 17th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to, Alimentation Couche-Tard presently has a consensus rating of “Buy” and an average price target of C$60.50.

Shares of TSE ATD traded up C$1.68 during mid-day trading on Thursday, hitting C$56.60. 433,556 shares of the company traded hands, compared to its average volume of 1,812,422. The company has a quick ratio of 0.91, a current ratio of 1.42 and a debt-to-equity ratio of 74.91. Alimentation Couche-Tard has a 1 year low of C$41.70 and a 1 year high of C$59.60. The firm has a market cap of C$58.62 billion and a PE ratio of 17.10. The business’s 50 day moving average is C$54.54.

Alimentation Couche-Tard Company Profile (Get Rating)

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's banners.

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