Alimentation Couche-Tard (TSE:ATD – Get Free Report) had its target price increased by stock analysts at Royal Bank Of Canada from C$106.00 to C$111.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 21.72% from the company’s previous close.
A number of other equities analysts also recently weighed in on ATD. Desjardins boosted their price target on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Raymond James Financial raised their price objective on Alimentation Couche-Tard from C$90.00 to C$105.00 in a research report on Wednesday, June 24th. Canadian Imperial Bank of Commerce lifted their target price on Alimentation Couche-Tard from C$89.00 to C$102.00 in a research note on Wednesday, June 24th. Canaccord Genuity Group boosted their target price on Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, National Bank Financial increased their price target on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Eleven research 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, Alimentation Couche-Tard presently has an average rating of “Moderate Buy” and an average price target of C$101.20.
Check Out Our Latest Analysis on ATD
Alimentation Couche-Tard Stock Performance
Alimentation Couche-Tard (TSE:ATD – Get Free Report) last released its quarterly earnings data on Monday, June 22nd. The company reported C$1.00 earnings per share for the quarter. Alimentation Couche-Tard had a net margin of 4.11% and a return on equity of 20.01%. As a group, sell-side analysts anticipate that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.
About Alimentation Couche-Tard
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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