Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $57.01 and traded as high as $59.25. Alimentation Couche-Tard shares last traded at $58.42, with a volume of 89,079 shares changing hands.

Wall Street Analysts Forecast Growth

ANCTF has been the subject of several research reports. TD Securities reaffirmed a “buy” rating on shares of Alimentation Couche-Tard in a report on Thursday, February 12th. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Thursday, February 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Alimentation Couche-Tard in a report on Thursday, February 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Alimentation Couche-Tard presently has a consensus rating of “Moderate Buy”.

Alimentation Couche-Tard Price Performance

The stock’s 50-day moving average is $57.16 and its two-hundred day moving average is $56.46.

About Alimentation Couche-Tard

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.