Canaccord Genuity Reaffirms Their Buy Rating on Alimentation Cl A MV

By Austin Angelo

Alimentation Cl A MV (TSX: ATD.A), the Services sector company, was revisited by a Wall Street analyst today. Analyst Derek Dley from Canaccord Genuity reiterated a Buy rating, with a C$72 price target.

According to TipRanks.com, Dley is ranked #280 out of 4594 analysts.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$75.43, representing a 26.6% upside.

In a report issued on June 26, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$78 price target.

The company has a one year high of C$69.48 and a one year low of C$55.24. Currently, Alimentation Cl A MV has an average volume of 1,794.

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 Monday at C$59.60.