Stifel Nicolaus Increases Alimentation Couche-Tard (OTCMKTS:ANCTF) Price Target to C$74.00

Alimentation Couche-Tard (OTCMKTS:ANCTF – Get Rating) had its price target lifted by analysts at Stifel Nicolaus from C$68.00 to C$74.00 in a report released on Friday, The Fly reports.

Other analysts have also issued reports about the stock. National Bank Financial increased their target price on shares of Alimentation Couche-Tard from C$67.00 to C$68.00 in a research note on Wednesday, March 8th. Raymond James boosted their price target on shares of Alimentation Couche-Tard from C$60.00 to C$75.00 in a report on Thursday, March 9th. Desjardins boosted their price target on shares of Alimentation Couche-Tard from C$65.00 to C$69.00 in a report on Monday, November 21st. Royal Bank of Canada boosted their price target on shares of Alimentation Couche-Tard from C$82.00 to C$85.00 in a report on Friday. Finally, Credit Suisse Group began coverage on shares of Alimentation Couche-Tard in a report on Monday, December 19th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.50.

Alimentation Couche-Tard Price Performance

ANCTF stock opened at $44.85 on Friday. Alimentation Couche-Tard has a 12 month low of $38.82 and a 12 month high of $48.93. The firm has a 50 day simple moving average of $46.47 and a 200 day simple moving average of $44.99.

About Alimentation Couche-Tard

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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.