Alimentation Couche-Tard (TSE:ATD) Price Target Cut to C$86.00 by Analysts at Stifel Nicolaus

Alimentation Couche-Tard (TSE:ATD) had its target price dropped by research analysts at Stifel Nicolaus from C$88.00 to C$86.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 21.01% from the stock’s current price.

Several other analysts have also issued reports on ATD. TD Securities decreased their price target on shares of Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. UBS Group cut their price target on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a report on Monday. Canaccord Genuity Group lifted their price target on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. CIBC cut their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Scotiabank dropped their target price on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 and set an “outperform” rating for the company in a research note on Thursday. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of “Buy” and a consensus target price of C$86.31.

Alimentation Couche-Tard Stock Performance

TSE:ATD traded up C$0.33 during midday trading on Thursday, reaching C$71.07. The stock had a trading volume of 828,429 shares, compared to its average volume of 1,298,772. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$85.53. The firm’s fifty day simple moving average is C$73.23 and its 200-day simple moving average is C$75.68. 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 stock has a market capitalization of C$47.22 billion, a P/E ratio of 18.54, 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.