Alimentation Couche-Tard (TSE:ATD) PT Set at C$97.00 by UBS Group

UBS Group set a C$97.00 price objective on Alimentation Couche-Tard (TSE:ATD) in a report issued on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research firms have also weighed in on ATD. JPMorgan Chase & Co. upped their price target on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research report on Thursday, September 19th. Desjardins raised their price target on Alimentation Couche-Tard from C$84.00 to C$85.00 in a research note on Wednesday, November 27th. National Bankshares boosted their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 in a research note on Wednesday, November 27th. CIBC boosted their target price on shares of Alimentation Couche-Tard from C$88.00 to C$89.00 in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada cut their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 in a report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$88.50.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$80.90 on Friday. The company’s fifty day moving average is C$76.86 and its two-hundred day moving average is C$78.10. The company has a market cap of C$76.69 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a 12-month low of C$71.31 and a 12-month high of C$87.27. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11.

Alimentation Couche-Tard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a yield of 0.96%. Alimentation Couche-Tard’s dividend payout ratio is 18.09%.

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.