Alimentation Couche-Tard (TSE:ATD) Given a C$97.00 Price Target at UBS Group

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

Several other equities analysts have also recently weighed in on the company. Stifel Nicolaus raised their price objective on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Desjardins raised their target price on Alimentation Couche-Tard from C$84.00 to C$85.00 in a research report on Wednesday, November 27th. BMO Capital Markets increased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 in a research report on Wednesday, November 27th. Canaccord Genuity Group raised their target price on Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. increased their price target on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$88.50.

Alimentation Couche-Tard Stock Performance

Shares of ATD opened at C$80.90 on Friday. Alimentation Couche-Tard has a 52 week low of C$71.31 and a 52 week high of C$87.27. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00. The stock has a 50 day moving average price of C$76.86 and a two-hundred day moving average price of C$78.13. The firm has a market capitalization of C$76.69 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.96%. 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. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 18.09%.

Alimentation Couche-Tard Company Profile

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.