Alimentation Couche-Tard Inc. (OTCMKTS:ANCUF) Short Interest Down 36.1% in August

Alimentation Couche-Tard Inc. (OTCMKTS:ANCUF) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,778,400 shares, a decrease of 36.1% from the August 15th total of 2,785,100 shares. Based on an average daily trading volume, of 14,700 shares, the days-to-cover ratio is currently 121.0 days.

Several research firms have recently commented on ANCUF. CIBC increased their target price on Alimentation Couche-Tard from C$54.00 to C$59.00 and gave the company an “outperform” rating in a research note on Thursday, September 2nd. Barclays increased their target price on Alimentation Couche-Tard from C$42.00 to C$45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 1st. Scotiabank increased their target price on Alimentation Couche-Tard from C$56.00 to C$59.00 and gave the company an “outperform” rating in a research note on Thursday, July 15th. Stifel Nicolaus increased their target price on Alimentation Couche-Tard from C$53.00 to C$54.00 and gave the company a “hold” rating in a research note on Thursday, September 2nd. Finally, National Bank Financial upped their price target on Alimentation Couche-Tard from C$54.00 to C$56.00 and gave the company an “outperform” rating in a research report on Thursday, September 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $56.78.

ANCUF stock opened at $37.96 on Friday. Alimentation Couche-Tard has a 12-month low of $28.55 and a 12-month high of $42.97. The stock’s 50 day simple moving average is $39.87 and its 200 day simple moving average is $36.41.

The business also recently announced a dividend, which will be paid on Thursday, September 23rd. Shareholders of record on Thursday, September 9th will be given a $0.2775 dividend. This represents a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, September 8th.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard, Inc engages in the operation of independent convenience stores. It sells goods for immediate consumption, road transportation fuel, and other products mainly through company-operated stores and franchises stores. It operates under Circle K, Ingo, Couche-Tara brands. The company was founded by Alain Bouchard, Jacques D’Amours, Richard Fortin, and RĂ©al Plourde in 1980 and is headquartered in Laval, Canada.

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