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Several banks raised Alimentation Couche-Tard’s price target, citing growth confidence, as its stock rose slightly to C$83.53.
Several major banks raised their price targets for Alimentation Couche-Tard (TSE:ATD), with Royal Bank of Canada, Stifel Nicolaus, CIBC World Markets, National Bank Financial, BMO Capital Markets, and Canaccord Genuity all increasing their outlooks, citing confidence in the company’s growth.
The stock, which operates convenience stores globally under brands like Circle K, saw its price target climb to a range of C$84.00 to C$255.00, with a consensus target of C$90.85 and a "Moderate Buy" rating.
ATD’s shares rose C$1.02 to C$83.53 on Thursday, trading below average volume, while maintaining a market cap of C$77.33 billion, a P/E ratio of 30.37, and a low beta of 0.28, indicating stable price movements.
Varios bancos elevaron el precio objetivo de Alimentation Couche-Tard, citando la confianza en el crecimiento, ya que sus acciones subieron ligeramente a C $ 83.53.