Alimentation Couche-Tard Inc. (OTCMKTS:ANCUF)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $37.52. Alimentation Couche-Tard shares last traded at $37.17, with a volume of 12,445 shares changing hands.
ANCUF has been the topic of several analyst reports. BMO Capital Markets boosted their price target on shares of Alimentation Couche-Tard from $43.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, March 19th. JPMorgan Chase & Co. upgraded shares of Alimentation Couche-Tard from a “neutral” rating to an “overweight” rating in a research note on Friday, March 12th. Royal Bank of Canada boosted their target price on shares of Alimentation Couche-Tard from C$55.00 to C$56.00 and gave the company an “outperform” rating in a research note on Wednesday, May 19th. Finally, Stifel Nicolaus downgraded shares of Alimentation Couche-Tard from a “buy” rating to a “hold” rating in a research note on Thursday, March 18th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Alimentation Couche-Tard has an average rating of “Buy” and an average price target of $48.00.
The business has a 50-day moving average price of $34.83.
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and stationary energy and aviation fuels. The company operates its convenience stores chain under various banners, including Circle K, Corner Stone, Couche-Tard, Holiday, Ingo, and Mac's.
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