Scotiabank Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$80.00

Alimentation Couche-Tard (TSE:ATD) had its price objective reduced by investment analysts at Scotiabank from C$83.00 to C$80.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 10.00% from the company’s current price.

A number of other research analysts also recently issued reports on ATD. JPMorgan Chase & Co. reduced their price target on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Desjardins dropped their target price on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Veritas upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a report on Thursday, March 20th. National Bankshares cut their price target on shares of Alimentation Couche-Tard from C$86.00 to C$81.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Finally, TD Securities decreased their target price on shares of Alimentation Couche-Tard from C$89.00 to C$82.00 and set a “buy” rating for the company in a research note on Monday, May 12th. Ten research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$84.75.

Alimentation Couche-Tard Trading Down 0.0%

TSE:ATD traded down C$0.02 during trading hours on Wednesday, reaching C$72.73. 695,106 shares of the company were exchanged, compared to its average volume of 1,288,747. The stock has a 50 day simple moving average of C$70.44 and a 200 day simple moving average of C$74.18. Alimentation Couche-Tard has a 52-week low of C$65.95 and a 52-week high of C$85.53. 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 firm has a market cap of C$48.32 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.35 and a beta of 0.89.

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.