Alimentation Couche-Tard (TSE:ATD) Given New C$86.00 Price Target at Stifel Nicolaus

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

Other research analysts have also issued research reports about the company. Scotiabank dropped their target price on Alimentation Couche-Tard from C$85.00 to C$83.00 and set an “outperform” rating on the stock in a report on Thursday. Desjardins decreased their target price on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group decreased their target price on Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday. CIBC reduced their price target on Alimentation Couche-Tard from C$87.00 to C$85.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, TD Securities reduced their price target on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$86.31.

Alimentation Couche-Tard Trading Up 0.5 %

Alimentation Couche-Tard stock traded up C$0.33 during trading hours 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. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The stock 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. Alimentation Couche-Tard has a one year low of C$65.95 and a one year high of C$85.53. The business’s 50 day simple moving average is C$73.23 and its 200-day simple moving average is C$75.68.

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.