Shares of Alimentation Couche Tard Inc (TSE:ATD.B) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are covering the company. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$73.33.
Several brokerages have recently commented on ATD.B. TD Securities reaffirmed an “action list buy” rating and set a C$87.00 target price on shares of Alimentation Couche Tard in a report on Monday, January 23rd. National Bank Financial reduced their target price on Alimentation Couche Tard from C$77.00 to C$74.00 in a report on Monday, March 6th. Scotiabank reaffirmed an “outperform” rating and set a C$80.00 target price on shares of Alimentation Couche Tard in a report on Monday, March 6th. BMO Capital Markets reduced their target price on Alimentation Couche Tard from C$78.00 to C$72.00 in a report on Wednesday, March 15th. Finally, Barclays PLC reduced their price objective on Alimentation Couche Tard from C$76.00 to C$72.00 and set an “overweight” rating for the company in a research note on Wednesday, March 15th.
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About Alimentation Couche Tard
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.
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