Alimentation Couche-Tard (TSE:ATD) Price Target Increased to C$66.00 by Analysts at JPMorgan Chase & Co.

Alimentation Couche-Tard (TSE:ATD – Get Rating) had its price target raised by JPMorgan Chase & Co. from C$54.00 to C$66.00 in a report released on Monday, BayStreet.CA reports.

Several other brokerages have also weighed in on ATD. National Bankshares lifted their price objective on Alimentation Couche-Tard from C$68.00 to C$69.00 and gave the stock an outperform rating in a report on Monday, November 21st. Stifel Nicolaus cut their target price on Alimentation Couche-Tard from C$70.00 to C$68.00 in a research report on Thursday, November 24th. Raymond James raised their target price on Alimentation Couche-Tard from C$65.00 to C$70.00 and gave the stock a strong-buy rating in a research report on Monday, November 28th. CSFB set a C$65.00 target price on Alimentation Couche-Tard and gave the stock a neutral rating in a research report on Wednesday, December 21st. Finally, Royal Bank of Canada raised their target price on Alimentation Couche-Tard from C$80.00 to C$82.00 and gave the stock an outperform rating in a research report on Friday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of C$69.19.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$65.08 on Monday. Alimentation Couche-Tard has a 1-year low of C$45.23 and a 1-year high of C$65.95. The firm has a market capitalization of C$64.45 billion, a PE ratio of 16.90, a PEG ratio of 1.35 and a beta of 0.94. The business’s 50 day moving average is C$62.22 and its 200-day moving average is C$60.44. The company has a current ratio of 1.36, a quick ratio of 0.88 and a debt-to-equity ratio of 72.23.

Alimentation Couche-Tard Company Profile

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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 brands.