National Bank Remains a Buy on Alimentation Couche-Tard Inc (ATD.A)


Alimentation Couche-Tard Inc (ATD.A), the Consumer Goods sector company, was revisited by a Wall Street analyst today. National Bank’s analyst Vishal Shreedhar reiterates their Buy rating on the shares, with a C$80 price target.

Shreedhar has an average return of 9.8% when recommending Alimentation Couche-Tard Inc.

According to TipRanks.com, Shreedhar is ranked #3855 out of 5259 analysts.

Read also: Kraft Heinz (KHC): There Goes the Buy Rating, Merrill Lynch Downgrades the Stock

Currently, the analyst consensus on Alimentation Couche-Tard Inc is a Strong Buy with an average price target of C$81.80, which is a 9.7% upside from current levels. In a report issued on February 28, RBC Capital also reiterated a Buy rating on the stock with a C$86 price target.

.

Alimentation Couche-Tard Inc’s market cap is currently C$42.19B and has a P/E ratio of 17.7. The company has a Price to Book ratio of 3.88.

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 Friday at C$74.55, close to its 52-week high of C$77.50.