Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Given Average Rating of “Moderate Buy” by Analysts

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of analysts have recently commented on ANCTF shares. TD Securities reiterated a “buy” rating on shares of Alimentation Couche-Tard in a research note on Thursday, February 12th. National Bank Financial reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, November 26th. Royal Bank Of Canada restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, February 12th. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, February 12th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a report on Thursday, February 12th.

Alimentation Couche-Tard Trading Up 0.8%

Shares of ANCTF opened at $61.25 on Friday. Alimentation Couche-Tard has a 12 month low of $45.61 and a 12 month high of $62.17. The business’s fifty day simple moving average is $56.83 and its two-hundred day simple moving average is $53.74.

Alimentation Couche-Tard Company Profile

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.