Alimentation Couche-Tard (TSE:ATD.B) Stock Price Up 1.6% – Should You Buy?

Shares of Alimentation Couche-Tard Inc (TSE:ATD.B) rose 1.6% during mid-day trading on Tuesday . The company traded as high as C$49.85 and last traded at C$49.67. Approximately 1,559,433 shares were traded during trading, a decline of 24% from the average daily volume of 2,054,125 shares. The stock had previously closed at C$48.89.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th.

Alimentation Couche-Tard Trading Up 1.6 %

The stock has a market capitalization of C$52.83 billion and a price-to-earnings ratio of 16.01. The company has a debt-to-equity ratio of 74.62, a quick ratio of 1.07 and a current ratio of 1.53. The business’s 50-day moving average is C$49.67.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.