BMO Capital Markets downgraded shares of Alimentation Couche-Tard (TSE:ATD.B) from an outperform rating to a market perform rating in a research note issued to investors on Thursday morning, BayStreet.CA reports.
Several other equities analysts have also recently commented on the stock. Desjardins cut shares of Alimentation Couche-Tard from a buy rating to a hold rating in a research note on Thursday, July 11th. Raymond James set a $28.00 target price on shares of Wheaton Precious Metals and gave the company a buy rating in a research note on Thursday, March 21st. TD Securities cut shares of Alimentation Couche-Tard from a buy rating to a hold rating and set a C$90.00 target price for the company. in a research note on Thursday, July 11th. CIBC reiterated a market perform rating on shares of Monro in a research note on Thursday, July 11th. Finally, Royal Bank of Canada upped their target price on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company an outperform rating in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of C$85.56.
Shares of Alimentation Couche-Tard stock opened at C$79.55 on Thursday. The business has a fifty day moving average price of C$84.02. The company has a debt-to-equity ratio of 78.48, a current ratio of 0.77 and a quick ratio of 0.49. Alimentation Couche-Tard has a 1-year low of C$59.12 and a 1-year high of C$88.40. The firm has a market capitalization of $34.79 billion and a PE ratio of 24.48.
Alimentation Couche-Tard Company Profile
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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