Desjardins Believes Alimentation Cl A MV (TSX: ATD.A) Still Has Room to Grow

By Carrie Williams

Wall Street analyst has provided a review for the Services company on November 29, but retained the same rating on the stock. Analyst Keith Howlett remains bullish on Alimentation Cl A MV (TSX: ATD.A) and has a C$78 price target.

Howlett has an average return of 5.8% when recommending Alimentation Cl A MV.

According to TipRanks.com, Howlett is ranked #1262 out of 4738 analysts.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$76.25, representing a 15.6% upside.

In a report issued on November 27, Scotiabank also maintained a Buy rating on the stock with a C$76 price target.

Alimentation Cl A MV’s market cap is currently C$37.2B and has a P/E ratio of 21.6.

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 Thursday at C$65.94, close to its 52-week high of C$67.19.