November 23, 2016 - By Linda Rogers
In analysts note made public by RBC Capital Markets on 23 November, Alimentation Couche-Tard (TSE:ATD.B) had its price target upped to $83.00. The firm at present has Outperform rating on the stock.
Out of 10 analysts covering Alimentation Couche-Tard (TSE:ATD.B), 9 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 90% are positive. $85 is the highest target while $55 is the lowest. The $74.18 average target is 16.32% above today’s ($63.77) stock price. Alimentation Couche-Tard has been the topic of 22 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $79 target price in Friday, August 26 report. Dundee Securities maintained Alimentation Couche Tard Inc (TSE:ATD.B) rating on Thursday, September 22. Dundee Securities has “Buy” rating and $74 price target. The firm has “Action List Buy” rating given on Tuesday, August 30 by TD Securities. The stock of Alimentation Couche Tard Inc (TSE:ATD.B) has “Outperform” rating given on Wednesday, September 2 by Scotia Capital. The firm earned “Action List Buy” rating on Friday, August 19 by TD Securities. TD Securities maintained Alimentation Couche Tard Inc (TSE:ATD.B) on Friday, July 22 with “Action List Buy” rating. The company was maintained on Wednesday, August 31 by RBC Capital Markets.
About 531,341 shares traded hands. Alimentation Couche Tard Inc (TSE:ATD.B) has risen 18.21% since April 26, 2016 and is uptrending. It has outperformed by 12.88% the S&P500.
Alimentation Couche Tard Inc is a Canada company, which is engaged in the convenience store industry. The company has a market cap of $36.55 billion. It focuses on the sale of goods for immediate consumption, road transportation fuel and other products through stores and franchise operations. It has a 23.93 P/E ratio. 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.
More notable recent Alimentation Couche Tard Inc (TSE:ATD.B) news were published by: Fool.ca which released: “Alimentation Couche Tard Inc. Has 40% Upside” on November 22, 2016, also Fool.ca with their article: “Metro, Inc. Beats Earnings With Help From Alimentation Couche-Tard Inc.” published on November 18, 2016, Theglobeandmail.com published: “Couche-Tard fuels growth with $3.8-billion CST deal” on August 22, 2016. More interesting news about Alimentation Couche Tard Inc (TSE:ATD.B) were released by: Business.Financialpost.com and their article: “Alimentation Couche-Tard Inc hikes dividend 15% as profit tops $1 billion” published on July 12, 2016 as well as Business.Financialpost.com‘s news article titled: “Alimentation Couche-Tard Inc rolling out Circle K banner throughout …” with publication date: March 15, 2016.
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By Linda Rogers