Alimentation Couche-Tard (TSE:ATD.B) Target Change
In a note issued to clients by Scotia Capital on Wednesday morning, Alimentation Couche-Tard (TSE:ATD.B) had its PT downgraded to $76.00. The firm now has “Outperform” rating on the stock.
After (TSE:ATD.B) target downgrade, the stock is currently trading 0.25% higher at $59.00 as of 8:02 AM New York time. Alimentation Couche-Tard’s stock is 0% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 13.17% over the same time period.
Out of 14 brokers covering Alimentation Couche-Tard, 12 rate it a Buy, 1 indicate a Hold while 1 suggest a Sell. The highest target is $70 and the lowest is $36.4 according to Thomson/First Call. The 12-month mean target is $54.46, which means 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 1.76M 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 $33.98B and a P/E ratio of 22.13.
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