Alimentation Couche-Tard (TSE:ATD) PT Set at C$85.00 by Desjardins

Alimentation Couche-Tard (TSE:ATD) received a C$85.00 price target from analysts at Desjardins in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 14.63% from the company’s previous close.

A number of other research firms also recently issued reports on ATD. Scotiabank boosted their target price 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. National Bankshares lifted 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 report on Wednesday, November 26th. CIBC boosted their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. TD Securities increased their target price on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group lifted their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Buy” and a consensus target price of C$86.75.

Alimentation Couche-Tard Stock Down 0.1%

Shares of TSE:ATD opened at C$74.15 on Friday. The stock’s 50-day moving average price is C$72.40 and its two-hundred day moving average price is C$71.94. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$81.56. The firm has a market cap of C$68.65 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.35 and a beta of 0.34.

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