Alimentation Couche-Tard (TSE:ATD) Given New C$87.00 Price Target at CIBC

Alimentation Couche-Tard (TSE:ATD) had its target price lowered by analysts at CIBC from C$89.00 to C$87.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 20.00% from the company’s previous close.

A number of other analysts have also commented on the company. UBS Group set a C$97.00 price target on Alimentation Couche-Tard and gave the company a “buy” rating in a report on Friday, December 13th. TD Securities decreased their price target on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Desjardins cut their price target on shares of Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating on the stock in a report on Tuesday, February 11th. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Canaccord Genuity Group raised their price target on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.33.

Alimentation Couche-Tard Stock Performance

ATD traded up C$1.33 during trading on Tuesday, reaching C$72.50. 486,711 shares of the company’s stock were exchanged, compared to its average volume of 1,134,564. The company has a market capitalization of C$48.17 billion, a P/E ratio of 18.91, a PEG ratio of 1.35 and a beta of 0.89. The business has a 50 day moving average price of C$76.29 and a 200 day moving average price of C$76.86. Alimentation Couche-Tard has a fifty-two week low of C$69.86 and a fifty-two week high of C$87.27. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

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.