Alimentation Couche-Tard (TSE:ATD) Price Target Raised to C$95.00 at Stifel Nicolaus

Alimentation Couche-Tard (TSE:ATD) had its price objective upped by research analysts at Stifel Nicolaus from C$88.00 to C$95.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 13.73% from the stock’s previous close.

Other research analysts have also issued reports about the stock. BMO Capital Markets increased their price objective on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a report on Thursday. Scotiabank raised their price target on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. CIBC World Markets lifted their target price on Alimentation Couche-Tard from C$88.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Thursday. National Bank Financial increased their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, TD Securities boosted their target price on shares of Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$90.85.

Alimentation Couche-Tard Price Performance

TSE:ATD traded up C$1.02 during trading hours on Thursday, reaching C$83.53. 821,618 shares of the company traded hands, compared to its average volume of 1,683,520. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The firm’s 50-day moving average is C$74.67 and its 200-day moving average is C$72.99. The stock has a market cap of C$77.33 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.35 and a beta of 0.28. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$84.02.

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.