Scotiabank Reiterates “Outperform” Rating for Alimentation Couche-Tard Inc (ANCUF)
Alimentation Couche-Tard Inc (OTCMKTS:ANCUF)‘s stock had its “outperform” rating reaffirmed by stock analysts at Scotiabank in a research note issued to investors on Saturday. They presently have a $80.00 price target on the stock. Scotiabank’s price target points to a potential upside of 70.03% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. RBC Capital Markets reissued an “outperform” rating and set a $83.00 target price (up previously from $82.00) on shares of Alimentation Couche-Tard in a report on Friday. Desjardins reissued a “buy” rating and set a $74.00 target price (up previously from $68.00) on shares of Alimentation Couche-Tard in a report on Wednesday, August 24th. CIBC reissued an “outperform” rating and set a $78.00 target price (up previously from $75.00) on shares of Alimentation Couche-Tard in a report on Wednesday, August 24th. National Bank Financial reissued an “outperform” rating and set a $76.00 target price (up previously from $68.00) on shares of Alimentation Couche-Tard in a report on Wednesday, August 24th. Finally, Barclays PLC raised Alimentation Couche-Tard from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $61.00 to $76.00 in a report on Wednesday, August 24th. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $76.00.
Alimentation Couche-Tard (OTCMKTS:ANCUF) opened at 47.0495 on Friday. The firm has a market cap of $26.71 billion and a P/E ratio of 21.8835. The company’s 50-day moving average is $49.08 and its 200 day moving average is $46.62. Alimentation Couche-Tard has a 12 month low of $38.69 and a 12 month 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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