On August 28, an analyst has provided a rating update for the Consumer Goods sector company, Alimentation Couche-Tard Inc (ATD – Research Report). Analyst Daniel Silverstein from Credit Suisse remains bullish on the stock and has a C$85.00 price target.
Currently, the analyst consensus on Alimentation Couche-Tard Inc is a Strong Buy with an average price target of C$78.80, a 10.6% upside from current levels. In a report issued on August 22, RBC Capital also maintained a Buy rating on the stock with a C$87.00 price target.
The company has a one-year high of C$71.88 and a one-year low of C$54.12. Currently, Alimentation Couche-Tard Inc has an average volume of 1.15M.
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia. Its operation is geographically divided into U.S., Europe, and Canada. Revenue from external customers fall mainly into three categories: merchandise and services, road transportation fuel, and other.
The company’s shares closed last Thursday at C$71.31, close to its 52-week high of C$71.88.
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