Alimentation Couche-Tard (TSE:ATD) Given New C$89.00 Price Target at TD Securities

Alimentation Couche-Tard (TSE:ATD) had its target price reduced by TD Securities from C$90.00 to C$89.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 23.01% from the stock’s previous close.

ATD has been the topic of a number of other research reports. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. BMO Capital Markets dropped their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. Canaccord Genuity Group boosted their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. National Bankshares increased their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Finally, CIBC raised their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$88.50.

Alimentation Couche-Tard Stock Performance

TSE:ATD remained flat at C$72.35 on Tuesday. The company’s stock had a trading volume of 469,421 shares, compared to its average volume of 1,112,841. The company has a market cap of C$48.07 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. Alimentation Couche-Tard has a 12-month low of C$71.31 and a 12-month high of C$87.27. The firm has a 50 day moving average of C$77.26 and a two-hundred day moving average of C$77.21.

About Alimentation Couche-Tard

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.