Alimentation Couche-Tard (TSE:ATD.B) Rating Maintained
Barclays Capital currently has a $72.00 TP on the $33.98B market cap company or 21.83 % upside potential. In an analyst note sent to clients and investors on Wednesday morning, Alimentation Couche-Tard (TSE:ATD.B) stock had its “Overweight” Rating restate by analysts at Barclays Capital.
TSE:ATD.B is right now trading 0.25% higher at $59.00 as of 8:02 AM New York time. Alimentation Couche-Tard’s stock is 0% in the last 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 13.17% in the same time.
According to data compiled by Thomson Reuters, Alimentation Couche-Tard (TSE:ATD.B)’s stock is covered by 14 equity analysts across the Street, with 1 analysts giving it a Sell rating, 12 a Buy rating, while 1 consider it a Hold. The 12-month consensus target price for the stock is $54.46, which reflects an downside potential of 7.69% over the current price.
Alimentation Couche-Tard (TSE:ATD.B) Profile
Alimentation Couche Tard Inc is a Canada-based company, which is engaged in the convenience store industry. It focuses on the sale of goods for immediate consumption, road transportation fuel and other products through stores and franchise operations. It operates its convenience store and road transportation fuel retailing chain under several banners, including Circle K, Couche-Tard, Mac’s, Kangaroo Express, Statoil, Ingo, Topaz and Re.Store.
Alimentation Couche-Tard (TSE:ATD.B) traded up 0.25% on 15 March, hitting $59. A total of 1.76 million shares of the company’s stock traded hands. This is up from average of 838,304 shares. Alimentation Couche-Tard has a 52 week low of $51.21 and a 52 week high of $68.63. The company has a market cap of $33.98 billion and a P/E ratio of 22.13.
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The post Barclays Capital Keeps Alimentation Couche-Tard (TSE:ATD.B) As “Overweight”; Has Price Objective Of $72.00 appeared first on Octafinance.