Alimentation Cl A MV Receives a Buy from Canaccord Genuity

By Ryan Adsit

Today, an analyst has provided a rating update for the Services sector company, Alimentation Cl A MV (TSX: ATD.A). Analyst Derek Dley from Canaccord Genuity remains bullish on the stock and has a C$75 price target.

Dley has an average return of 1.9% when recommending Alimentation Cl A MV.

According to TipRanks.com, Dley is ranked #361 out of 4787 analysts.

Alimentation Cl A MV has an analyst consensus of Moderate Buy, with a price target consensus of C$75.

Alimentation Cl A MV’s market cap is currently C$35.96B and has a P/E ratio of 19.8.

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$63.75.