Desjardins Downgrades Alimentation Couche-Tard Inc (ATD.A) to Hold

By Jason Carr

Alimentation Couche-Tard Inc (ATD.AResearch Report) has received a rating update from a Wall Street analyst today. Desjardins’ analyst Keith Howlett downgraded ATD.A to Hold , with a C$87 price target.

Howlett has an average return of 14.6% when recommending Alimentation Couche-Tard Inc.

According to TipRanks.com, Howlett is ranked #819 out of 5238 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alimentation Couche-Tard Inc with a C$88 average price target.

The company has a one-year high of C$88.70 and a one-year low of C$58.85. Currently, Alimentation Couche-Tard Inc has an average volume of 2,986.

Alimentation Couche-Tard, Inc. engages in the operation of independent convenience stores. It sells goods for immediate consumption, road transportation fuel, and other products mainly through company-operated stores and franchises stores.

The company’s shares closed on Thursday at C$84.21, close to its 52-week high of C$88.70.