Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$85.00 by Analysts at Canaccord Genuity Group

Alimentation Couche-Tard (TSE:ATD) had its target price cut by equities researchers at Canaccord Genuity Group from C$87.00 to C$85.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 9.90% from the stock’s current price.

ATD has been the topic of a number of other research reports. BMO Capital Markets lowered their target price on shares of Alimentation Couche-Tard from C$91.00 to C$89.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. National Bank Financial cut shares of Alimentation Couche-Tard from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, March 21st. Wells Fargo & Company lowered their target price on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. National Bankshares lifted their target price on shares of Alimentation Couche-Tard from C$83.00 to C$84.00 and gave the company a “sector perform” rating in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Alimentation Couche-Tard from C$80.00 to C$79.00 in a report on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alimentation Couche-Tard has a consensus rating of “Moderate Buy” and a consensus target price of C$80.08.

Alimentation Couche-Tard Stock Performance

Shares of Alimentation Couche-Tard stock traded up C$0.22 on Thursday, hitting C$77.34. 422,340 shares of the company’s stock were exchanged, compared to its average volume of 1,436,852. The company has a debt-to-equity ratio of 111.10, a quick ratio of 0.88 and a current ratio of 0.86. Alimentation Couche-Tard has a 1 year low of C$64.82 and a 1 year high of C$87.27. The company has a 50-day simple moving average of C$77.36 and a 200-day simple moving average of C$78.74. The stock has a market capitalization of C$74.38 billion, a PE ratio of 18.79, a PEG ratio of 1.35 and a beta of 0.85.

Alimentation Couche-Tard Company Profile

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.