Alimentation Couche-Tard (OTCMKTS:ANCUF) had its target price hoisted by Barclays from $40.00 to $47.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 51.00% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Alimentation Couche-Tard from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Canaccord Genuity reissued a “buy” rating and issued a $47.00 price target on shares of Alimentation Couche-Tard in a report on Wednesday, March 11th. Raymond James raised shares of Alimentation Couche-Tard from an “outperform” rating to a “strong-buy” rating in a report on Thursday, March 19th. BMO Capital Markets upped their price objective on shares of Alimentation Couche-Tard from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Finally, Stifel Nicolaus began coverage on shares of Alimentation Couche-Tard in a report on Tuesday, April 7th. They set a “buy” rating on the stock. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Alimentation Couche-Tard has an average rating of “Buy” and a consensus price target of $48.43.
Shares of OTCMKTS:ANCUF opened at $31.13 on Wednesday. The company’s 50-day moving average is $30.70 and its 200 day moving average is $30.33. Alimentation Couche-Tard has a fifty-two week low of $21.00 and a fifty-two week high of $34.62.
Alimentation Couche-Tard Company Profile
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience stores chain under various banners, including Circle K, Corner Stone, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.
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