BMO Capital Markets Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$82.00

Alimentation Couche-Tard (TSE:ATD) had its target price reduced by BMO Capital Markets from C$85.00 to C$82.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other equities analysts also recently commented on ATD. Canaccord Genuity Group lifted their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. CIBC decreased their target price on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating for the company in a research report on Thursday. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Finally, Canaccord Genuity Group reduced their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Alimentation Couche-Tard presently has an average rating of “Buy” and an average price target of C$86.33.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock opened at C$70.37 on Thursday. The company has a market cap of C$46.75 billion, a PE ratio of 18.36, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a fifty day moving average price of C$72.96 and a two-hundred day moving average price of C$75.60. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$85.53.

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.