Alimentation Couche-Tard Inc (ATD.B) Given Consensus Recommendation of “Buy” by Brokerages

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Alimentation Couche-Tard Inc (TSE:ATD.B) has received an average rating of “Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is C$79.67.

Several research firms recently issued reports on ATD.B. Barclays increased their price target on shares of Alimentation Couche-Tard from C$73.00 to C$75.00 in a report on Thursday, November 22nd. BMO Capital Markets increased their price target on shares of Alimentation Couche-Tard from C$78.00 to C$79.00 in a research report on Tuesday, January 8th. TD Securities upped their price objective on shares of Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company a “buy” rating in a research note on Thursday, November 29th. CIBC upped their price objective on shares of Alimentation Couche-Tard from C$75.00 to C$80.00 in a research note on Thursday, November 29th. Finally, National Bank Financial increased their price target on shares of Alimentation Couche-Tard from C$76.00 to C$79.00 and gave the stock an “outperform” rating in a research note on Thursday, November 29th.

Shares of ATD.B opened at C$71.38 on Friday. Alimentation Couche-Tard has a 1-year low of C$56.06 and a 1-year high of C$67.96. The firm has a market capitalization of $31.22 billion and a P/E ratio of 22.37. The company has a debt-to-equity ratio of 94.51, a current ratio of 1.07 and a quick ratio of 0.69.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

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Analyst Recommendations for Alimentation Couche-Tard (TSE:ATD.B)

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