Shares of Alimentation Couche-Tard Inc. (TSE:ATD – Get Free Report) have been assigned an average rating of “Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$88.83.
Several equities research analysts recently weighed in on the company. Desjardins increased their target price on Alimentation Couche-Tard from C$84.00 to C$85.00 in a report on Wednesday, November 27th. Canaccord Genuity Group increased their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. National Bankshares lifted their target price on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Scotiabank set a C$91.00 price target on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, UBS Group set a C$97.00 price target on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Friday, December 13th.
Check Out Our Latest Stock Report on Alimentation Couche-Tard
Alimentation Couche-Tard Price Performance
Alimentation Couche-Tard Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 1.03%. This is a boost from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, December 4th. Alimentation Couche-Tard’s payout ratio is presently 18.09%.
Alimentation Couche-Tard Company Profile
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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