Alimentation Couche-Tard (TSE:ATD) Given a C$85.00 Price Target by Desjardins Analysts

Alimentation Couche-Tard (TSE:ATD) has been assigned a C$85.00 target price by equities researchers at Desjardins in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 14.74% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Alimentation Couche-Tard to a “hold” rating in a research note on Friday, September 12th. CIBC lifted their target price on shares of Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. TD Securities upped their price target on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. National Bankshares lifted their target price on shares of Alimentation Couche-Tard from C$83.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, BMO Capital Markets boosted their target price on shares of Alimentation Couche-Tard from C$78.00 to C$79.00 in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$86.75.

Alimentation Couche-Tard Stock Performance

TSE ATD traded down C$0.17 on Friday, hitting C$74.08. 1,849,982 shares of the stock were exchanged, compared to its average volume of 1,423,295. The business’s fifty day moving average is C$72.38 and its 200 day moving average is C$71.94. The company has a market capitalization of C$68.58 billion, a PE ratio of 26.94, a P/E/G ratio of 1.35 and a beta of 0.34. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$81.56. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.