CIBC Lowers Alimentation Couche-Tard (TSE:ATD) Price Target to C$85.00

Alimentation Couche-Tard (TSE:ATD) had its price target trimmed by CIBC from C$87.00 to C$85.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on ATD. National Bankshares increased their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Canaccord Genuity Group lowered their price target on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating for the company in a research report on Tuesday. Canaccord Genuity Group increased their price target on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Finally, BMO Capital Markets decreased their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$86.31.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$70.65 on Thursday. The firm has a market capitalization of C$46.94 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.35 and a beta of 0.89. The stock’s 50 day moving average is C$73.08 and its 200-day moving average is C$75.65. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$85.53. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

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.