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

Alimentation Couche-Tard (TSE:ATD) had its target price lowered by research analysts at National Bankshares from C$88.00 to C$86.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 21.01% from the company’s previous close.

A number of other analysts have also issued reports on the company. UBS Group dropped their target price on Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday. BMO Capital Markets lowered their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. TD Securities lowered their price objective on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. CIBC cut their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Scotiabank cut their target price on Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 4th. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$86.31.

Alimentation Couche-Tard Price Performance

TSE ATD traded up C$0.33 during mid-day trading on Thursday, hitting 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 52-week low of C$65.95 and a 52-week high of C$85.53. The company has a market cap of C$47.22 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a 50 day simple moving average of C$73.23 and a 200 day simple moving average of C$75.68. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54.

Alimentation Couche-Tard Company Profile

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.