Alimentation Couche-Tard (TSE:ATD) Given New C$100.00 Price Target at TD Securities

Alimentation Couche-Tard (TSE:ATD) had its target price upped by equities researchers 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 suggests a potential upside of 19.72% from the stock’s previous close.

ATD has been the subject of several other reports. National Bank Financial upped their target price on Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Thursday. Desjardins upped their target price on Alimentation Couche-Tard from C$85.00 to C$92.00 and gave the stock a “buy” rating in a report on Thursday. CIBC World Markets boosted their price target on Alimentation Couche-Tard from C$88.00 to C$92.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus upped their price objective on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Finally, Scotiabank lifted their target price on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and a consensus target price of C$90.85.

Alimentation Couche-Tard Trading Up 1.2%

ATD traded up C$1.02 on Thursday, reaching C$83.53. 821,618 shares of the company traded hands, compared to its average volume of 1,683,520. 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 company has a market cap of C$77.33 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 1.35 and a beta of 0.28. The firm has a fifty day simple moving average of C$74.67 and a two-hundred day simple moving average of C$72.99. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$84.02.

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.