Alimentation Couche-Tard Inc (ATD.B) Receives Consensus Recommendation of “Buy” from Brokerages
Alimentation Couche-Tard Inc (TSE:ATD.B) has been given an average rating of “Buy” by the thirteen ratings firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$76.15.
ATD.B has been the subject of several research reports. National Bank Financial cut their price objective on Alimentation Couche-Tard from C$69.00 to C$68.00 in a research report on Thursday, July 7th. TD Securities reiterated an “action list buy” rating and issued a C$80.00 price target on shares of Alimentation Couche-Tard in a report on Wednesday, August 17th. Scotiabank reiterated an “outperform” rating and issued a C$79.00 price target on shares of Alimentation Couche-Tard in a report on Monday, August 29th. Royal Bank Of Canada boosted their price target on Alimentation Couche-Tard from C$69.00 to C$81.00 and gave the company an “outperform” rating in a report on Wednesday, August 24th. Finally, RBC Capital Markets boosted their price target on Alimentation Couche-Tard from C$69.00 to C$81.00 and gave the company an “outperform” rating in a report on Wednesday, August 24th.
About Alimentation Couche-Tard
Alimentation Couche-Tard Inc focuses on the convenience store industry. The Company focuses on the sale of goods for immediate consumption, road transportation fuel and other products through stores and franchise operations. The Company operates its convenience store and road transportation fuel retailing chain under several banners, including Circle K, Couche-Tard, Mac’s, Kangaroo Express, Statoil, Ingo, Topaz and Re.Store.
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