Canaccord Genuity Group Boosts Alimentation Couche-Tard (TSE:ATD) Price Target to C$101.00

Alimentation Couche-Tard (TSE:ATDGet Free Report) had its target price boosted by Canaccord Genuity Group from C$94.00 to C$101.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 7.84% from the company’s previous close.

ATD has been the topic of several other research reports. BMO Capital Markets lifted their target price on shares of Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the stock a “market perform” rating in a research report on Wednesday. UBS Group lifted their target price on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday. Scotia boosted their price target on shares of Alimentation Couche-Tard from C$94.00 to C$107.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Royal Bank Of Canada upped their price target on shares of Alimentation Couche-Tard from C$104.00 to C$106.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. set a C$95.00 price objective on shares of Alimentation Couche-Tard and gave the company an “overweight” rating in a research note on Thursday, March 26th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$100.87.

Get Our Latest Stock Analysis on Alimentation Couche-Tard

Alimentation Couche-Tard Trading Up 1.9%

Alimentation Couche-Tard stock traded up C$1.79 during trading hours on Wednesday, reaching C$93.66. 1,605,851 shares of the company’s stock were exchanged, compared to its average volume of 1,446,158. The firm’s 50 day simple moving average is C$79.77 and its 200 day simple moving average is C$78.32. Alimentation Couche-Tard has a twelve month low of C$66.93 and a twelve month high of C$95.15. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 101.20. The firm has a market capitalization of C$86.00 billion, a PE ratio of 32.41, a PEG ratio of 1.35 and a beta of 0.74.

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