Desjardins Issues Positive Forecast for Alimentation Couche-Tard (TSE:ATD) Stock Price

Alimentation Couche-Tard (TSE:ATD) had its price objective raised by analysts at Desjardins from C$85.00 to C$92.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 10.14% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Jefferies Financial Group increased their target price on shares of Alimentation Couche-Tard from C$88.00 to C$96.00 in a research report on Thursday. TD Securities increased their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$90.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Scotiabank raised their target price on shares of Alimentation Couche-Tard from C$84.00 to C$88.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. BMO Capital Markets boosted their target price on Alimentation Couche-Tard from C$79.00 to C$84.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Stifel Nicolaus increased their price target on Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$90.85.

Alimentation Couche-Tard Price Performance

Shares of Alimentation Couche-Tard stock traded up C$1.02 during mid-day trading on Thursday, reaching C$83.53. 821,618 shares of the stock traded hands, compared to its average volume of 1,683,520. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 101.54. The business has a 50-day moving average of C$74.67 and a 200 day moving average of C$72.99. The stock has a market capitalization of C$77.33 billion, a PE ratio of 30.37, a PEG ratio of 1.35 and a beta of 0.28. Alimentation Couche-Tard has a fifty-two week low of C$65.95 and a fifty-two week high of C$84.02.

About Alimentation Couche-Tard

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.