Alimentation Cl A MV Gets a Buy Rating from Canaccord Genuity

By Jason Carr

On March 14, an analyst has provided a rating update for the Services sector company, Alimentation Cl A MV (TSX: ATD.A). The company received a Buy on March 14 from Canaccord Genuity’s analyst Derek Dley, with a C$72 price target.

According to TipRanks.com, Dley is ranked #443 out of 4562 analysts.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$74.86, representing a 20.5% upside.

In a report issued on March 15, Barclays also maintained a Buy rating on the stock with a C$72 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 3,296.

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.