Stifel Nicolaus Cuts Alimentation Couche-Tard (TSE:ATD) Price Target to C$86.00

Alimentation Couche-Tard (TSE:ATD) had its price objective trimmed by Stifel Nicolaus from C$88.00 to C$86.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on ATD. Desjardins cut their target price on shares of Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating on the stock in a research note on Thursday. TD Securities dropped their price objective on shares of 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. UBS Group dropped their price objective on shares of Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th. Canaccord Genuity Group dropped their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$84.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, National Bankshares dropped their price objective on shares of Alimentation Couche-Tard from C$88.00 to C$86.00 and set an “outperform” rating on the stock in a research report on Thursday. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of “Buy” and a consensus target price of C$86.33.

Alimentation Couche-Tard Trading Down 0.4 %

Shares of ATD stock opened at C$70.37 on Thursday. The stock has a market cap 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. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The company’s 50-day moving average price is C$72.96 and its 200-day moving average price is C$75.60. Alimentation Couche-Tard has a twelve month low of C$65.95 and a twelve month high of C$85.53.

Alimentation Couche-Tard Company Profile

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.