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

Alimentation Couche-Tard (TSE:ATD) had its price target decreased by National Bankshares from C$88.00 to C$86.00 in a research report released on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities analysts also recently commented on ATD. Canaccord Genuity Group raised their target price on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. UBS Group cut their target price on Alimentation Couche-Tard from C$97.00 to C$94.00 in a research report on Monday, March 17th. Desjardins cut their target price on Alimentation Couche-Tard from C$84.00 to C$82.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets cut their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 in a research report on Monday, February 10th. Finally, Scotiabank cut their target price on Alimentation Couche-Tard from C$91.00 to C$85.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. Ten equities 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, the stock has an average rating of “Buy” and a consensus target price of C$86.33.

Alimentation Couche-Tard Price Performance

Shares of ATD stock opened at C$70.37 on Thursday. The stock has a 50 day moving average of C$72.96 and a two-hundred day moving average of C$75.60. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. Alimentation Couche-Tard has a 12 month low of C$65.95 and a 12 month high of C$85.53. The company has a market capitalization of C$46.75 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.35 and a beta of 0.89.

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.