Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$84.00 at BMO Capital Markets

Alimentation Couche-Tard (TSE:ATD) had its price target increased by equities researchers at BMO Capital Markets from C$79.00 to C$84.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 0.56% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Scotiabank upped their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. TD Securities raised their price objective on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Desjardins set a C$85.00 target price on Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Friday, December 19th. Jefferies Financial Group boosted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday. Finally, National Bank Financial raised their price target on shares of Alimentation Couche-Tard from C$83.00 to C$86.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of “Moderate Buy” and a consensus target price of C$90.85.

Alimentation Couche-Tard Trading Up 1.2%

ATD stock traded up C$1.02 during mid-day trading on Thursday, reaching C$83.53. The company’s stock had a trading volume of 821,618 shares, compared to its average volume of 1,683,520. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$84.02. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The business’s 50 day moving average price is C$74.67 and its 200 day moving average price is C$72.99. The company has a market cap of C$77.33 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.28.

About Alimentation Couche-Tard

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. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.