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

Alimentation Couche-Tard (TSE:ATD) has been assigned a C$91.00 target price by equities research analysts at Scotiabank in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 12.04% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group raised their target price on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research note on Wednesday, November 20th. BMO Capital Markets upped their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a report on Wednesday, November 27th. Desjardins upped their price objective on shares of Alimentation Couche-Tard from C$84.00 to C$85.00 in a research report on Wednesday, November 27th. CIBC boosted their price target on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a report on Wednesday, November 27th. Finally, Stifel Nicolaus raised their price target on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$88.83.

Alimentation Couche-Tard Trading Up 2.1 %

Shares of TSE:ATD traded up C$1.68 during midday trading on Friday, reaching C$81.22. The company’s stock had a trading volume of 2,426,699 shares, compared to its average volume of 1,472,754. The firm has a market cap of C$77.00 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The business has a 50 day moving average price of C$77.34 and a 200 day moving average price of C$78.14. Alimentation Couche-Tard has a 1 year low of C$71.31 and a 1 year high of C$87.27.

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.