Alimentation Couche-Tard (TSE:ATD) Stock Price Expected to Rise, TD Securities Analyst Says

Alimentation Couche-Tard (TSE:ATD) had its price target increased by equities research analysts at TD Securities from C$82.00 to C$85.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 12.69% from the company’s previous close.

ATD has been the topic of a number of other reports. National Bankshares lowered their target price on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. CIBC decreased their price objective on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating for the company in a research report on Thursday, March 20th. Scotiabank lowered their price objective on shares of Alimentation Couche-Tard from C$80.00 to C$78.00 and set an “outperform” rating on the stock in a research note on Friday, June 27th. BMO Capital Markets dropped their target price on shares of Alimentation Couche-Tard from C$82.00 to C$76.00 in a report on Friday, June 27th. Finally, Jefferies Financial Group reduced their price target on Alimentation Couche-Tard from C$90.00 to C$87.00 and set a “buy” rating for the company in a report on Friday, June 27th. Ten research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$83.92.

Alimentation Couche-Tard Stock Up 1.9%

TSE:ATD opened at C$75.43 on Thursday. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$85.53. The firm has a market capitalization of C$50.12 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The stock’s 50 day moving average price is C$70.47 and its two-hundred day moving average price is C$71.82.

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.