Alimentation Couche-Tard (TSE:ATD) Given New C$89.00 Price Target at TD Securities

Alimentation Couche-Tard (TSE:ATD) had its price objective dropped by equities research analysts at TD Securities from C$90.00 to C$89.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 23.01% from the company’s current price.

Several other brokerages have also recently commented on ATD. UBS Group set a C$97.00 price target on Alimentation Couche-Tard and gave the company a “buy” rating in a research note on Friday, December 13th. Desjardins dropped their price target on Alimentation Couche-Tard from C$87.00 to C$84.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Scotiabank set a C$91.00 price target on Alimentation Couche-Tard and gave the company an “outperform” rating in a research note on Friday, December 20th. BMO Capital Markets dropped their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. Finally, National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$88.50.

Alimentation Couche-Tard Stock Performance

Shares of ATD remained flat at C$72.35 during midday trading on Tuesday. 469,421 shares of the stock traded hands, compared to its average volume of 1,112,841. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27. The company’s fifty day simple moving average is C$77.26 and its 200 day simple moving average is C$77.21. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The company has a market capitalization of C$48.07 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.35 and a beta of 0.89.

About Alimentation Couche-Tard

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.