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

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of analysts have recently issued reports on ANCTF shares. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, February 12th. TD Securities restated a “buy” rating on shares of Alimentation Couche-Tard in a research note on Thursday, February 12th. BNP Paribas Exane began coverage on Alimentation Couche-Tard in a report on Tuesday, January 20th. They set a “neutral” rating for the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, February 12th. Finally, National Bank Financial reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, November 26th.

Alimentation Couche-Tard Trading Down 0.5%

Shares of OTCMKTS:ANCTF opened at $59.75 on Friday. Alimentation Couche-Tard has a 52-week low of $45.61 and a 52-week high of $62.17. The company has a 50-day simple moving average of $56.56 and a 200 day simple moving average of $53.64.

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.