CIBC World Markets Issues Positive Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price target boosted by equities researchers at CIBC World Markets from C$88.00 to C$92.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC World Markets’ target price would indicate a potential upside of 10.14% from the company’s previous close.

ATD has been the subject of a number of other reports. TD Securities raised their target price on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. National Bank Financial raised their price target on shares of Alimentation Couche-Tard from C$83.00 to C$86.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. BMO Capital Markets increased their price objective on Alimentation Couche-Tard from C$78.00 to C$79.00 in a research report on Wednesday, November 26th. Stifel Nicolaus lifted their target price on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Desjardins set a C$85.00 price target on Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$90.85.

Alimentation Couche-Tard Price Performance

ATD stock traded up C$1.02 during mid-day trading on Thursday, reaching 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 stock has a market cap of C$77.33 billion, a PE ratio of 30.37, a P/E/G ratio of 1.35 and a beta of 0.28. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$84.02. The company’s 50 day moving average is C$74.67 and its two-hundred day moving average is C$72.99.

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.