Alimentation Couche-Tard (TSE:ATD.B) PT Lowered to C$53.00

Alimentation Couche-Tard (TSE:ATD.B) had its price target lowered by analysts at National Bankshares from C$56.00 to C$53.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 10.23% from the company’s current price.

Several other research analysts also recently issued reports on ATD.B. National Bank Financial upped their price target on shares of Alimentation Couche-Tard from C$54.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, September 2nd. Royal Bank of Canada upped their target price on shares of Alimentation Couche-Tard from C$65.00 to C$74.00 and gave the company an “outperform” rating in a research report on Wednesday, November 17th. Eight Capital upped their target price on shares of Alimentation Couche-Tard from C$57.00 to C$58.00 in a research report on Friday, September 3rd. Raymond James upped their target price on shares of Alimentation Couche-Tard from C$53.00 to C$59.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 26th. Finally, Scotiabank upped their target price on shares of Alimentation Couche-Tard from C$59.00 to C$61.00 in a research report on Thursday, September 2nd. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$56.33.

TSE ATD.B traded down C$0.12 on Thursday, hitting C$48.08. 671,115 shares of the company were exchanged, compared to its average volume of 2,046,279. The firm has a 50 day moving average of C$48.92 and a two-hundred day moving average of C$47.69. The company has a market cap of C$51.20 billion and a P/E ratio of 15.47. The company has a current ratio of 1.48, a quick ratio of 1.05 and a debt-to-equity ratio of 77.76. Alimentation Couche-Tard has a 1-year low of C$36.03 and a 1-year high of C$52.42.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD.B)

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