JPMorgan Chase & Co. Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price objective decreased by JPMorgan Chase & Co. from C$89.00 to C$86.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 29.13% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Scotiabank decreased their price target on Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. CIBC decreased their target price on Alimentation Couche-Tard from C$89.00 to C$87.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Desjardins cut their price target on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. Canaccord Genuity Group decreased their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, National Bankshares increased their price objective on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.23.

Alimentation Couche-Tard Trading Down 2.0 %

TSE ATD traded down C$1.39 during trading on Tuesday, hitting C$66.60. The stock had a trading volume of 1,047,403 shares, compared to its average volume of 1,270,109. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$85.53. The stock has a 50 day simple moving average of C$73.56 and a 200 day simple moving average of C$75.81. The stock has a market capitalization of C$44.25 billion, a price-to-earnings ratio of 17.37, 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 quick ratio of 0.88 and a current ratio of 0.99.

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.