Scotiabank Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$87.00

Alimentation Couche-Tard (TSE:ATDGet Free Report) had its price target dropped by analysts at Scotiabank from C$90.00 to C$87.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 11.68% from the company’s previous close.

ATD has been the subject of a number of other research reports. National Bankshares cut shares of Alimentation Couche-Tard from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$89.00 to C$83.00 in a research note on Friday. Raymond James increased their target price on Alimentation Couche-Tard from C$82.00 to C$87.00 in a report on Thursday, November 30th. TD Securities decreased their target price on Alimentation Couche-Tard from C$94.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday. Desjardins dropped their price target on Alimentation Couche-Tard from C$90.00 to C$86.00 and set a “buy” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on Alimentation Couche-Tard from C$80.00 to C$79.00 in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and a consensus price target of C$86.77.

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Alimentation Couche-Tard Price Performance

Shares of TSE ATD opened at C$77.90 on Friday. The company has a debt-to-equity ratio of 79.27, a quick ratio of 0.88 and a current ratio of 1.14. The firm has a fifty day moving average of C$81.90 and a 200 day moving average of C$77.62. The firm has a market cap of C$75.06 billion, a PE ratio of 18.55, a PEG ratio of 1.35 and a beta of 0.87. Alimentation Couche-Tard has a one year low of C$63.15 and a one year high of C$87.27.

About Alimentation Couche-Tard

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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.

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