UBS Group Issues Pessimistic Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its target price dropped by equities researchers at UBS Group from C$97.00 to C$94.00 in a report issued on Monday,BayStreet.CA reports. UBS Group’s target price would indicate a potential upside of 41.27% from the stock’s previous close.

Several other research analysts have also recently weighed in on ATD. Scotiabank reduced their price objective on Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. TD Securities reduced their price objective on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. CIBC reduced their price objective 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 reduced their price objective on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Finally, National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$87.23.

Alimentation Couche-Tard Stock Down 2.1 %

ATD stock opened at C$66.54 on Monday. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a market capitalization of C$44.21 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.35 and a beta of 0.89. The business has a 50-day moving average of C$73.37 and a 200-day moving average of C$75.73. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$85.53.

About Alimentation Couche-Tard

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.