Alimentation Cl A MV Gets a Buy Rating from GMP FirstEnergy

By Jason Carr

Alimentation Cl A MV (TSX: ATD.A), the Services sector company was revisited on July 11, and remains undervalued for at least one analyst on the street. Analyst Martin Landry from GMP FirstEnergy reiterated a Buy rating, with a C$81 price target on July 11.

According to TipRanks.com, Landry is ranked #753 out of 4600 analysts.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$75.50, representing a 20.5% upside.

In a report issued on July 10, Barclays also maintained a Buy rating on the stock with a C$74 price target.

The company has a one year high of C$69.48 and a one year low of C$58.03. Currently, Alimentation Cl A MV has an average volume of 1,794.

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’s shares closed on Friday at C$62.65.