Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$86.00 by Analysts at National Bankshares

Alimentation Couche-Tard (TSE:ATD) had its price target lowered by equities researchers at National Bankshares from C$88.00 to C$86.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 21.01% from the stock’s current price.

ATD has been the topic of a number of other reports. BMO Capital Markets cut their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. Scotiabank cut their price target on shares of Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. Desjardins lowered their price objective 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. Canaccord Genuity Group boosted their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Finally, CIBC lowered their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Thursday. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$86.31.

Alimentation Couche-Tard Stock Up 0.5 %

ATD traded up C$0.33 during mid-day trading on Thursday, reaching C$71.07. 828,429 shares of the stock were exchanged, compared to its average volume of 1,298,772. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a market capitalization of C$47.22 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a 50 day moving average price of C$73.23 and a two-hundred day moving average price of C$75.68. Alimentation Couche-Tard has a 1 year low of C$65.95 and a 1 year 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.