CIBC Boosts Alimentation Couche-Tard (TSE:ATD) Price Target to C$89.00

Alimentation Couche-Tard (TSE:ATD) had its price target increased by equities research analysts at CIBC from C$88.00 to C$89.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 15.08% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company dropped their price objective on Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Canaccord Genuity Group lowered their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 and set a “buy” rating for the company in a research note on Thursday. National Bankshares boosted their target price on Alimentation Couche-Tard from C$83.00 to C$84.00 and gave the stock a “sector perform” rating in a research note on Friday, June 14th. TD Securities lowered their target price on Alimentation Couche-Tard from C$94.00 to C$90.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Finally, National Bank Financial cut Alimentation Couche-Tard from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$80.08.

Alimentation Couche-Tard Trading Up 0.3 %

Shares of TSE ATD traded up C$0.22 during trading on Thursday, reaching C$77.34. The stock had a trading volume of 422,340 shares, compared to its average volume of 1,436,852. Alimentation Couche-Tard has a fifty-two week low of C$64.82 and a fifty-two week high of C$87.27. The company has a debt-to-equity ratio of 111.10, a quick ratio of 0.88 and a current ratio of 0.86. The business’s 50-day moving average price is C$77.36 and its 200-day moving average price is C$78.74. The company has a market cap of C$74.38 billion, a P/E 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.