Alimentation Couche-Tard (ATD.B) Price Target Increased to C$80.00 by Analysts at National Bank Financial

Alimentation Couche-Tard (TSE:ATD.B) had its price target lifted by research analysts at National Bank Financial from C$79.00 to C$80.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 7.89% from the company’s previous close.

Other analysts have also issued research reports about the stock. CIBC raised their price objective on shares of Alimentation Couche-Tard from C$75.00 to C$80.00 in a report on Thursday, November 29th. Raymond James raised their price objective on shares of Alimentation Couche-Tard from C$78.00 to C$81.00 in a report on Tuesday, January 15th. BMO Capital Markets raised their price objective on shares of Alimentation Couche-Tard from C$78.00 to C$79.00 in a report on Tuesday, January 8th. Royal Bank of Canada raised their price objective on shares of Alimentation Couche-Tard from C$80.00 to C$86.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. Finally, Desjardins raised their price objective on shares of Alimentation Couche-Tard from C$74.00 to C$77.00 and gave the stock a “buy” rating in a report on Thursday, November 29th. Six analysts have rated the stock with a buy rating, Alimentation Couche-Tard has a consensus rating of “Buy” and a consensus target price of C$80.44.

TSE:ATD.B traded down C$0.47 during mid-day trading on Friday, hitting C$74.15. The company’s stock had a trading volume of 2,046,012 shares, compared to its average volume of 765,673. Alimentation Couche-Tard has a fifty-two week low of C$56.06 and a fifty-two week high of C$67.96. The company has a quick ratio of 0.69, a current ratio of 1.07 and a debt-to-equity ratio of 94.51. The firm has a market capitalization of $32.45 billion and a PE ratio of 23.24.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD.B)

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