Alimentation Cl A MV Gets a Buy Rating from RBC Capital

By Carrie Williams

In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Alimentation Cl A MV (TSX: ATD.A). Analyst Irene Nattel from RBC Capital remains bullish on the stock and has a C$80 price target.

According to TipRanks.com, Nattel is a 3-star analyst with an average return of 3.9% and a 45.2% success rate. Nattel covers the Services sector, focusing on stocks such as Alimentation Couche Tard, Casey’s General, and The Pantry.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$75.50, representing a 20.7% upside.

In a report released yesterday, BMO Capital also reiterated 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$59. Currently, Alimentation Cl A MV has an average volume of 1,372.

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 Tuesday at C$62.55.