Alimentation Couche-Tard (TSE:ATD) Stock Price Expected to Rise, National Bank Financial Analyst Says

Alimentation Couche-Tard (TSE:ATD) had its price objective lifted by National Bank Financial from C$86.00 to C$88.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 5.35% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Scotiabank raised their price objective on Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. TD Securities raised their price target on Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. BMO Capital Markets boosted their price objective on Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the company a “market perform” rating in a research note on Thursday. Jefferies Financial Group lifted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a report on Thursday. Finally, CIBC World Markets upped their price objective on Alimentation Couche-Tard from C$88.00 to C$92.00 and gave the company an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Alimentation Couche-Tard currently has an average rating of “Moderate Buy” and a consensus price target of C$90.85.

Alimentation Couche-Tard Stock Up 1.2%

Shares of TSE ATD traded up C$1.02 during mid-day trading on Thursday, reaching C$83.53. The company had a trading volume of 821,618 shares, compared to its average volume of 1,683,520. The firm has a 50 day simple moving average of C$74.67 and a two-hundred day simple moving average of C$72.99. Alimentation Couche-Tard has a 52-week low of C$65.95 and a 52-week high of C$84.02. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The stock has a market cap of C$77.33 billion, a P/E ratio of 30.37, a PEG ratio of 1.35 and a beta of 0.28.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.