Barclays Keeps a Buy Rating on Alimentation Cl A MV (ATD.A)


Today, an analyst has provided a rating update for the Services sector company, Alimentation Cl A MV (TSX: ATD.A). The company received a Buy rating from Barclays’ analyst Jim Durran, with a C$73 price target.

Durran has an average return of 0.3% when recommending Alimentation Cl A MV.

According to TipRanks.com, Durran is ranked #411 out of 4866 analysts.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alimentation Cl A MV with a C$75 average price target.

Based on Alimentation Cl A MV’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of C$523 million. In comparison, last year the company had a net profit of C$482 million.

Alimentation Couche-Tard, Inc. engages in the operation of independent convenience stores. It sells goods for immediate consumption, road transportation fuel, and other products mainly through company-operated stores and franchises stores.

The company’s shares closed on Monday at C$62.89.

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