RBC Capital Reiterates a Buy Rating on Alimentation Cl A MV

By Austin Angelo

The Services sector company, Alimentation Cl A MV (TSX: ATD.A), has received a rating update from a Wall Street analyst today. RBC Capital’s analyst Irene Nattel reiterates their Buy rating on the shares, with a C$79 price target.

According to TipRanks.com, Nattel is a 4-star analyst with an average return of 7.3% and a 62.3% success rate. Nattel covers the Services sector, focusing on stocks such as Alimentation Couche Tard, Casey’s General, and The Pantry.

Alimentation Cl A MV has an analyst consensus of Strong Buy, with a price target consensus of C$74.86.

The company has a one year high of C$69.48 and a one year low of C$51.07. Currently, Alimentation Cl A MV has an average volume of 2,720.

Alimentation Couche-Tard, Inc. operates independent convenience stores in Canada. It engages in the sale of goods for immediate consumption, road transportation fuel, and other products mainly through corporate stores and franchise operations under different brand names namely, Circle K, Couche-Tard, Mac’s Kangaroo Express, Statoil, Ingo, Topaz, and Re.Store. The company was founded by Alain Bouchard in 1980 and is headquartered in Laval, Canada.

The company’s shares closed last Friday at $62.20.