TD Securities Keeps Their Buy Rating on Alimentation Cl A MV

By Jason Carr

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). Analyst Michael Van Aelst from TD Securities rated Alimentation Cl A MV (TSX: ATD.A) a Buy on yesterday, setting a C$78 price target.

According to TipRanks.com, Aelst is ranked #3712 out of 4694 analysts.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$74.75, representing a 21.2% upside.

In a report released yesterday, Canaccord Genuity also reiterated a Buy rating on the stock with a C$72 price target.

The company has a one-year high of C$68.37 and a one-year low of C$57.41. Currently, Alimentation Cl A MV has an average volume of 1,692.

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$61.66.