Alimentation Couche-Tard (TSE:ATD) PT Set at C$111.00 by Royal Bank Of Canada

Alimentation Couche-Tard (TSE:ATD) has been given a C$111.00 price target by research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 31.52% from the stock’s current price.

Other analysts also recently issued reports about the stock. UBS Group boosted their target price on shares of Alimentation Couche-Tard from C$91.00 to C$104.00 in a research note on Wednesday, June 24th. BMO Capital Markets lifted their price target on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a report on Wednesday, June 24th. Desjardins upped their price target on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Scotia decreased their price objective on Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating for the company in a research report on Wednesday, August 19th. Finally, National Bank Financial lifted their target price on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$101.40.

Alimentation Couche-Tard Trading Down 0.9%

Shares of ATD traded down C$0.79 during midday trading on Wednesday, hitting C$84.40. The stock had a trading volume of 492,741 shares, compared to its average volume of 1,462,064. Alimentation Couche-Tard has a fifty-two week low of C$68.30 and a fifty-two week high of C$95.15. The business has a 50-day simple moving average of C$90.08 and a two-hundred day simple moving average of C$83.58. The firm has a market cap of C$77.48 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65.

Alimentation Couche-Tard (TSE:ATD) last released its quarterly earnings results on Monday, June 22nd. The company reported C$1.00 earnings per share (EPS) for the quarter. Alimentation Couche-Tard had a net margin of 4.11% and a return on equity of 20.01%. As a group, equities analysts forecast that Alimentation Couche-Tard will post 4.0410959 EPS for the current year.

Alimentation Couche-Tard Company Profile

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.