TD Securities Issues Positive Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price objective hoisted by stock analysts at TD Securities from C$90.00 to C$100.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 19.72% from the company’s previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus upped 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 note on Wednesday, November 26th. National Bank Financial upped their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group increased their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a report on Thursday. 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 report on Wednesday, November 26th. Finally, Desjardins increased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company 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 on Thursday, reaching C$83.53. The stock had a trading volume of 821,618 shares, compared to its average volume of 1,683,520. The business has a fifty day moving average price of C$74.67 and a 200-day moving average price of C$72.99. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The stock has a market cap of C$77.33 billion, a P/E ratio of 30.37, a PEG ratio of 1.35 and a beta of 0.28. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$84.02.

About Alimentation Couche-Tard

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.