UBS Group Reiterates C$97.00 Price Target for Alimentation Couche-Tard (TSE:ATD)

Alimentation Couche-Tard (TSE:ATD) has been assigned a C$97.00 target price by research analysts at UBS Group in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 19.90% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Desjardins increased their price target on shares of Alimentation Couche-Tard from C$84.00 to C$85.00 in a research report on Wednesday, November 27th. Royal Bank of Canada reduced their target price on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. Stifel Nicolaus raised their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research report on Friday, September 6th. National Bankshares upped their price objective on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Finally, CIBC increased their price objective on Alimentation Couche-Tard from C$88.00 to C$89.00 in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and a consensus target price of C$88.50.

Alimentation Couche-Tard Price Performance

ATD opened at C$80.90 on Friday. The stock’s 50-day moving average price is C$76.86 and its 200 day moving average price is C$78.12. 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 market cap of C$76.69 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.35 and a beta of 0.89. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11.

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.