Alimentation Couche-Tard (TSE:ATD) Given a C$91.00 Price Target at Scotiabank

Alimentation Couche-Tard (TSE:ATD) received a C$91.00 price objective from Scotiabank in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 12.04% from the stock’s previous close.

ATD has been the topic of several other reports. Canaccord Genuity Group lifted their price objective on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Stifel Nicolaus upped their price target on Alimentation Couche-Tard from C$86.00 to C$88.00 in a report on Friday, September 6th. JPMorgan Chase & Co. increased their price target on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. BMO Capital Markets increased their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Finally, National Bankshares lifted their target price on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$88.83.

Alimentation Couche-Tard Price Performance

ATD stock traded up C$1.68 during mid-day trading on Friday, reaching C$81.22. 2,426,699 shares of the company traded hands, compared to its average volume of 1,472,754. Alimentation Couche-Tard has a 52-week low of C$71.31 and a 52-week high of C$87.27. The company has a fifty day moving average price of C$77.34 and a 200-day moving average price of C$78.14. The company has a market capitalization of C$77.00 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 102.11, a current ratio of 1.00 and a quick ratio of 0.88.

About Alimentation Couche-Tard

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.