Scotiabank Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$83.00

Alimentation Couche-Tard (TSE:ATD) had its price objective cut by Scotiabank from C$85.00 to C$83.00 in a report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also recently issued reports on ATD. Canaccord Genuity Group cut their target price on Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. National Bankshares dropped their price target on Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating for the company in a research note on Thursday. 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. JPMorgan Chase & Co. dropped their target price on shares of Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Finally, BMO Capital Markets reduced their price target on shares of Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$86.33.

Alimentation Couche-Tard Stock Performance

TSE:ATD opened at C$70.37 on Thursday. The stock has a 50-day simple moving average of C$72.96 and a two-hundred day simple moving average of C$75.60. 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 debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The firm has a market capitalization of C$46.75 billion, a PE ratio of 18.36, a P/E/G ratio of 1.35 and a beta of 0.89.

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.