Alimentation Cl A MV Gets a Buy Rating from Scotiabank

By Jason Carr

In a new note to investors yesterday, an analyst has provided a rating update for the Services sector company, Alimentation Cl A MV (TSX: ATD.A). Analyst Patricia Baker from Scotiabank rated Alimentation Cl A MV (TSX: ATD.A) a Buy, setting a C$76 price target.

According to TipRanks.com, Baker is a 4-star analyst with an average return of 10.1% and a 61.5% success rate. Baker covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Alimentation Couche Tard, and Loblaw Companies Limited.

Alimentation Cl A MV has an analyst consensus of Strong Buy, with a price target consensus of C$75.75.

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 1,920.

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.,003T43-E

The company’s shares closed last Friday at $62.13.