Desjardins Keeps Their Buy Rating on Alimentation Cl A MV

By Jason Carr

Alimentation Cl A MV (TSX: ATD.A), the Services sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Keith Howlett from Desjardins reiterated a Buy rating, with a C$76 price target.

According to TipRanks.com, Howlett is ranked #481 out of 4555 analysts.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$74.86, representing a 20.4% upside.

In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$79 price target.

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 2,688.

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.