Alimentation Couche-Tard (OTCMKTS:ANCTF) PT Raised to C$85.00 at Royal Bank of Canada

Alimentation Couche-Tard (OTCMKTS:ANCTF – Get Rating) had its price objective lifted by research analysts at Royal Bank of Canada from C$82.00 to C$85.00 in a research note issued on Friday, The Fly reports.

Other equities analysts have also issued research reports about the company. Raymond James boosted their price objective on Alimentation Couche-Tard from C$60.00 to C$75.00 in a research note on Thursday, March 9th. Scotiabank upped their price target on Alimentation Couche-Tard from C$71.00 to C$74.00 in a research note on Friday. Desjardins upped their price target on Alimentation Couche-Tard from C$65.00 to C$69.00 in a research note on Monday, November 21st. National Bank Financial upped their price target on Alimentation Couche-Tard from C$67.00 to C$68.00 in a research note on Wednesday, March 8th. Finally, Credit Suisse Group started coverage on Alimentation Couche-Tard in a research note on Monday, December 19th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.50.

Alimentation Couche-Tard Price Performance

OTCMKTS ANCTF opened at $44.85 on Friday. The stock’s fifty day moving average is $46.47 and its two-hundred day moving average is $44.99. Alimentation Couche-Tard has a fifty-two week low of $38.82 and a fifty-two week high of $48.93.

Alimentation Couche-Tard Company Profile

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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 Réal Plourde in 1980 and is headquartered in Laval, Canada.