BMO Capital Reiterates Their Buy Rating on Alimentation Cl A MV

By Ryan Adsit

Alimentation Cl A MV (TSX: ATD.A), the Services sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Peter Sklar from BMO Capital remains bullish on the stock and has a C$72 price target.

According to TipRanks.com, Sklar is a 4-star analyst with an average return of 12.3% and a 58.3% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Alimentation Couche Tard, and Loblaw Companies Limited.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$76, representing a 21.6% upside.

In a report issued on June 23, Scotiabank also maintained a Buy rating on the stock with a C$76 price target.

The company has a one year high of C$69.48 and a one year low of C$54.45. Currently, Alimentation Cl A MV has an average volume of 1,910.

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 $62.50.