Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$83.00 at Scotiabank

Alimentation Couche-Tard (TSE:ATD) had its target price reduced by Scotiabank from C$85.00 to C$83.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also recently commented on ATD. BMO Capital Markets lowered their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating for the company in a research note on Tuesday. Desjardins lowered their target price on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a research note on Thursday. Canaccord Genuity Group boosted their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Finally, Canaccord Genuity Group lowered 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 research note on Thursday, February 27th. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$86.31.

Alimentation Couche-Tard Stock Down 0.1 %

ATD stock opened at C$70.65 on Thursday. The stock has a market capitalization of C$46.94 billion, a P/E ratio of 18.43, a PEG 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 has a one year low of C$65.95 and a one year high of C$85.53. The company has a 50 day moving average price of C$73.08 and a two-hundred day moving average price of C$75.65.

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.