Scotiabank Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its target price trimmed by Scotiabank from C$80.00 to C$78.00 in a report published on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

ATD has been the subject of a number of other research reports. Jefferies Financial Group reduced 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 research note on Friday. TD Securities lowered their target price on shares of Alimentation Couche-Tard from C$89.00 to C$82.00 and set a “buy” rating for the company in a research note on Monday, May 12th. Desjardins dropped their price target on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Veritas upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a research note on Thursday, March 20th. Finally, CIBC dropped their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a report on Thursday, March 20th. Ten investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Alimentation Couche-Tard presently has an average rating of “Buy” and a consensus price target of C$83.69.

Alimentation Couche-Tard Trading Down 1.8%

Shares of TSE ATD opened at C$67.64 on Friday. 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 business has a fifty day simple moving average of C$71.09 and a two-hundred day simple moving average of C$72.94. The firm has a market cap of C$44.94 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$85.53.

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.