TD Securities Forecasts Strong Price Appreciation for Alimentation Couche-Tard (TSE:ATD) Stock

Alimentation Couche-Tard (TSE:ATD) had its price objective raised by stock analysts at TD Securities from C$85.00 to C$89.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 16.74% from the company’s previous close.

A number of other research firms also recently issued reports on ATD. Stifel Nicolaus boosted their price objective on shares of Alimentation Couche-Tard from C$81.00 to C$85.00 and gave the company a “buy” rating in a report on Thursday. Desjardins cut their price objective on shares of Alimentation Couche-Tard from C$82.00 to C$80.00 and set a “buy” rating for the company in a report on Friday, June 27th. Canaccord Genuity Group cut their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$81.00 and set a “buy” rating for the company in a report on Friday, June 20th. Scotiabank boosted their price objective on shares of Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Jefferies Financial Group cut their price objective on shares of 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. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$85.31.

Alimentation Couche-Tard Stock Performance

TSE ATD opened at C$76.24 on Thursday. 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 company has a market capitalization of C$71.71 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.35 and a beta of 0.34. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$83.73. The firm has a 50-day moving average price of C$70.90 and a two-hundred day moving average price of C$70.81.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals.