Alimentation Couche-Tard Inc (TSE:ATD.B) declared a quarterly dividend on Wednesday, December 4th, TickerTech reports. Stockholders of record on Thursday, December 19th will be given a dividend of 0.0625 per share on Thursday, December 19th. This represents a $0.25 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, December 4th.
Shares of TSE ATD.B traded up C$0.04 during midday trading on Monday, hitting C$43.50. The stock had a trading volume of 1,396,052 shares, compared to its average volume of 765,673. The company has a market capitalization of $37.82 billion and a PE ratio of 24.25. The stock has a 50 day simple moving average of C$40.39 and a 200-day simple moving average of C$70.30. Alimentation Couche-Tard has a 1 year low of C$32.45 and a 1 year high of C$44.57. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 95.29.
Several equities research analysts recently commented on the company. SunTrust Banks increased their price target on Alimentation Couche-Tard from C$92.00 to C$93.00 in a report on Friday, September 6th. BMO Capital Markets raised Alimentation Couche-Tard from a “market perform” rating to an “outperform” rating and set a C$49.00 price target for the company in a report on Monday, November 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$47.00 price target on shares of Alimentation Couche-Tard in a report on Wednesday, November 27th. Raymond James raised their target price on Alimentation Couche-Tard from C$45.00 to C$49.00 in a research note on Friday. Finally, TD Securities cut their target price on Alimentation Couche-Tard from C$90.00 to C$45.00 and set a “hold” rating for the company in a research note on Tuesday, October 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Alimentation Couche-Tard has an average rating of “Buy” and a consensus price target of C$61.11.
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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