Alimentation Couche-Tard (TSE:ATD) Given New C$106.00 Price Target at Royal Bank Of Canada

Alimentation Couche-Tard (TSE:ATD – Get Free Report) had its price objective lifted by equities researchers at Royal Bank Of Canada from C$104.00 to C$106.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 15.38% from the company’s previous close.

Several other research firms also recently issued reports on ATD. Scotia upped their price target on Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the stock a “sector outperform” rating in a research note on Thursday, June 11th. Raymond James Financial boosted their target price on Alimentation Couche-Tard from C$85.00 to C$90.00 in a report on Thursday, March 19th. Canadian Imperial Bank of Commerce decreased their target price on Alimentation Couche-Tard from C$92.00 to C$89.00 in a research report on Thursday, March 19th. JPMorgan Chase & Co. set a C$95.00 price target on Alimentation Couche-Tard and gave the company an “overweight” rating in a report on Thursday, March 26th. Finally, Canaccord Genuity Group set a C$91.00 price target on shares of Alimentation Couche-Tard and gave the company a “buy” rating in a research report on Thursday, March 19th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$93.15.

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Alimentation Couche-Tard Stock Up 11.7%

Shares of ATD stock traded up C$9.61 on Tuesday, hitting C$91.87. The company’s stock had a trading volume of 3,489,587 shares, compared to its average volume of 1,430,043. The stock has a market capitalization of C$84.36 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 1.35 and a beta of 0.74. Alimentation Couche-Tard has a fifty-two week low of C$66.93 and a fifty-two week high of C$92.60. The firm’s fifty day moving average price is C$79.49 and its 200-day moving average price is C$78.19. The company has a debt-to-equity ratio of 101.20, a current ratio of 0.95 and a quick ratio of 0.88.

Alimentation Couche-Tard (TSE:ATD – Get Free Report) last posted its earnings results on Monday, June 22nd. The company reported C$1.00 EPS for the quarter. Alimentation Couche-Tard had a net margin of 3.71% and a return on equity of 17.65%. Research analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

About Alimentation Couche-Tard

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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.

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