Desjardins Reiterates Their Buy Rating on Alimentation Cl A MV

By Jason Carr

Alimentation Cl A MV (TSX: ATD.A), the Services sector company was revisited on June 23, and remains undervalued for at least one analyst on the street. Analyst Keith Howlett from Desjardins reiterated a Buy rating, with a C$76 price target on June 23.

According to TipRanks.com, Howlett is ranked #458 out of 4592 analysts.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$75.75, representing a 18.2% 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$51.58. Currently, Alimentation Cl A MV has an average volume of 1,920.

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 $64.09.