Alimentation Couche-Tard Inc (OTCMKTS:ANCUF) Receives $75.67 Consensus PT from Brokerages
Shares of Alimentation Couche-Tard Inc (OTCMKTS:ANCUF) have earned an average rating of “Buy” from the twelve research firms that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $75.67.
A number of brokerages recently commented on ANCUF. Desjardins reiterated a “buy” rating and set a $74.00 price target (up from $68.00) on shares of Alimentation Couche-Tard in a report on Wednesday, August 24th. CIBC reiterated an “outperform” rating and set a $78.00 price target (up from $75.00) on shares of Alimentation Couche-Tard in a report on Wednesday, August 24th. TD Securities reiterated a “buy” rating and set a $80.00 price target (up from $79.00) on shares of Alimentation Couche-Tard in a report on Friday, July 15th. RBC Capital Markets restated an “outperform” rating and issued a $81.00 target price on shares of Alimentation Couche-Tard in a research note on Thursday, September 1st. Finally, Barclays PLC upgraded Alimentation Couche-Tard from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $61.00 to $76.00 in a research note on Wednesday, August 24th.
Alimentation Couche-Tard (OTCMKTS:ANCUF) opened at 48.70 on Tuesday. The firm’s 50 day moving average price is $50.06 and its 200-day moving average price is $45.26. The company has a market capitalization of $27.65 billion and a PE ratio of 22.65. Alimentation Couche-Tard has a one year low of $38.69 and a one year high of $52.97.
About Alimentation Couche-Tard
Alimentation Couche-Tard Inc focuses on the convenience store industry. The Company focuses on the sale of goods for immediate consumption, road transportation fuel and other products through stores and franchise operations. The Company operates its convenience store and road transportation fuel retailing chain under several banners, including Circle K, Couche-Tard, Mac’s, Kangaroo Express, Statoil, Ingo, Topaz and Re.Store.
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