Scotiabank Keeps a Buy Rating on Alimentation Couche-Tard Inc (ATD.A)


In a latest note to investors, a research analyst has provided a rating update for the Alimentation Couche-Tard Inc (ATD.A). On March 5, analyst Patricia Baker gave a Buy rating to ATD.A and set a C$84 price target.

According to TipRanks.com, Baker is a 3-star analyst with an average return of 3.2% and a 54.9% success rate. Baker covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Loblaw Companies Limited, and Canadian Tire Corp Ltd.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alimentation Couche-Tard Inc with a C$82.50 average price target, an 9.0% upside from current levels. In a report issued on February 25, RBC Capital also reiterated a Buy rating on the stock with a C$86 price target.

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The company has a one-year high of C$77.50 and a one-year low of C$52.55. Currently, Alimentation Couche-Tard Inc has an average volume of 1,762.

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 Thursday at C$75.70, close to its 52-week high of C$77.50.