Alimentation Couche-Tard (OTCMKTS:ANCTF) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $51.75 and traded as low as $49.64. Alimentation Couche-Tard shares last traded at $50.25, with a volume of 169,283 shares changing hands.

Wall Street Analysts Forecast Growth

ANCTF has been the subject of several recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, September 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, September 3rd. The Goldman Sachs Group upgraded shares of Alimentation Couche-Tard to a “hold” rating in a research note on Friday, September 12th. BMO Capital Markets lowered shares of Alimentation Couche-Tard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, TD Securities restated a “buy” rating on shares of Alimentation Couche-Tard in a report on Thursday, September 4th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

Alimentation Couche-Tard Stock Up 0.9%

The company’s fifty day moving average is $52.28 and its 200 day moving average is $51.75.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.