Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of equities analysts recently issued reports on ANCTF shares. BNP Paribas Exane assumed coverage on shares of Alimentation Couche-Tard in a research note on Tuesday, January 20th. They issued a “neutral” rating on the stock. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a research note 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. Royal Bank Of Canada reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, February 12th. Finally, TD Securities reiterated a “buy” rating on shares of Alimentation Couche-Tard in a report on Thursday, February 12th.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock opened at $57.51 on Friday. Alimentation Couche-Tard has a 12 month low of $47.24 and a 12 month high of $62.58. The business’s fifty day simple moving average is $58.76 and its two-hundred day simple moving average is $54.90.

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.