BMO Capital Markets Has Lowered Expectations for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its target price dropped by research analysts at BMO Capital Markets from C$87.00 to C$85.00 in a research report issued on Monday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 16.29% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. National Bank Financial raised shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. CIBC increased their price objective on Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th. Canaccord Genuity Group raised their target price on Alimentation Couche-Tard from C$83.00 to C$85.00 in a report on Wednesday, November 20th. Desjardins raised their target price on Alimentation Couche-Tard from C$84.00 to C$85.00 in a research report on Wednesday, November 27th. Finally, National Bankshares boosted their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Buy” and an average price target of C$88.67.

Alimentation Couche-Tard Stock Down 1.9 %

Alimentation Couche-Tard stock traded down C$1.43 during mid-day trading on Monday, hitting C$73.09. The company had a trading volume of 843,395 shares, compared to its average volume of 1,052,947. Alimentation Couche-Tard has a 12 month low of C$71.31 and a 12 month high of C$87.27. The stock’s 50 day moving average price is C$78.41 and its two-hundred day moving average price is C$77.66. The company has a market capitalization of C$69.29 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11.

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.