Barclays Sticks to Their Buy Rating for Alimentation Cl A MV

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). On July 10, analyst Jim Durran gave a Buy rating to ATD.A and set a C$74 price target.

Durran has an average return of 2.0% when recommending Alimentation Cl A MV.

According to TipRanks.com, Durran is ranked #2010 out of 4600 analysts.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$75.38, representing a 20.3% upside.

In a report issued on June 27, TD Securities also reiterated a Buy rating on the stock with a C$75 price target.

Alimentation Cl A MV’s market cap is currently C$35.83B and has a P/E ratio of 21.4.

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$62.68.