Alimentation Couche-Tard (TSE:ATD) Price Target Lowered to C$79.00 at JPMorgan Chase & Co.

Alimentation Couche-Tard (TSE:ATD) had its price objective cut by investment analysts at JPMorgan Chase & Co. from C$80.00 to C$79.00 in a research note issued on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 4.83% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Canaccord Genuity Group dropped their target price on Alimentation Couche-Tard from C$90.00 to C$89.00 in a report on Thursday, November 30th. Scotiabank dropped their target price on Alimentation Couche-Tard from C$87.00 to C$85.00 in a report on Thursday, November 30th. National Bankshares upped their target price on Alimentation Couche-Tard from C$87.00 to C$89.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Raymond James upped their target price on Alimentation Couche-Tard from C$82.00 to C$87.00 in a report on Thursday, November 30th. Finally, TD Securities upped their target price on Alimentation Couche-Tard from C$88.00 to C$94.00 and gave the company a “buy” rating in a report on Monday, March 4th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$87.69.

Alimentation Couche-Tard Stock Down 0.6 %

TSE:ATD traded down C$0.47 on Wednesday, hitting C$83.01. 452,069 shares of the company’s stock traded hands, compared to its average volume of 1,006,454. The company has a market cap of C$79.99 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87. Alimentation Couche-Tard has a 1 year low of C$59.95 and a 1 year high of C$87.27. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 79.27. The firm has a 50-day moving average price of C$81.59 and a 200-day moving average price of C$77.15.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.