Alimentation Couche-Tard (TSE:ATD) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Alimentation Couche-Tard (TSE:ATD) had its price objective hoisted by research analysts at Royal Bank Of Canada from C$91.00 to C$100.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 19.72% from the stock’s current price.

ATD has been the topic of several other reports. National Bank Financial upped their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets boosted their price objective on shares of Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a research note on Thursday. TD Securities lifted their price target on Alimentation Couche-Tard from C$90.00 to C$100.00 and gave the company a “buy” rating in a report on Thursday. CIBC World Markets upped their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$92.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Scotiabank boosted their target price on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$90.85.

Alimentation Couche-Tard Trading Up 1.2%

Shares of TSE ATD traded up C$1.02 during trading hours on Thursday, hitting C$83.53. The company’s stock had a trading volume of 821,618 shares, compared to its average volume of 1,683,520. The business has a 50-day simple moving average of C$74.67 and a 200-day simple moving average of C$72.99. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$84.02. The stock has a market cap of C$77.33 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 1.35 and a beta of 0.28. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99.

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.