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

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several research firms recently commented on ANCTF. BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, February 12th. Royal Bank Of Canada reaffirmed 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 note on Thursday. Finally, TD Securities reaffirmed a “buy” rating on shares of Alimentation Couche-Tard in a research note on Thursday, February 12th.

Alimentation Couche-Tard Stock Up 2.9%

OTCMKTS ANCTF traded up $1.72 during mid-day trading on Thursday, hitting $60.60. The stock had a trading volume of 1,090 shares, compared to its average volume of 120,373. The firm’s 50 day moving average is $57.16 and its 200 day moving average is $56.46. Alimentation Couche-Tard has a twelve month low of $47.24 and a twelve month high of $62.58.

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.