RBC Capital Reiterates Their Buy Rating on Alimentation Cl A MV

By Jason Carr

On June 22, an analyst has provided a rating update for the Services sector company, Alimentation Cl A MV (TSX: ATD.A). Analyst Irene Nattel from RBC Capital reiterated a Buy rating, with a C$79 price target on June 22.

According to TipRanks.com, Nattel is a 4-star analyst with an average return of 6.4% and a 56.8% success rate. Nattel covers the Services sector, focusing on stocks such as Alimentation Couche Tard, Casey’s General, and The Pantry.

Currently, the analyst consensus on Alimentation Cl A MV is Strong Buy and the average price target is C$75.75, representing a 21.9% upside.

In a report released yesterday, 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$51.07. Currently, Alimentation Cl A MV has an average volume of 1,938.

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 was founded by Alain Bouchard in 1980 and is headquartered in Laval, Canada.,003T43-E

The company’s shares closed last Friday at $62.13.