CIBC Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$85.00

Alimentation Couche-Tard (TSE:ATD) had its target price decreased by CIBC from C$87.00 to C$85.00 in a research report released on Thursday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on ATD. 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. JPMorgan Chase & Co. reduced their price objective on Alimentation Couche-Tard from C$89.00 to C$86.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. TD Securities dropped their target price on Alimentation Couche-Tard from C$90.00 to C$89.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, BMO Capital Markets decreased their price objective on Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Monday, February 10th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$86.33.

Alimentation Couche-Tard Stock Down 0.4 %

Alimentation Couche-Tard stock opened at C$70.37 on Thursday. The company has a debt-to-equity ratio of 101.54, a current ratio of 0.99 and a quick ratio of 0.88. The stock has a market capitalization of C$46.75 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 1-year low of C$65.95 and a 1-year high of C$85.53. The business has a fifty day moving average price of C$72.96 and a 200-day moving average price of C$75.60.

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.