Alimentation Couche-Tard (OTCMKTS:ANCTF) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $53.42 and traded as low as $48.63. Alimentation Couche-Tard shares last traded at $49.31, with a volume of 3,978 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, March 4th. National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 17th. Desjardins upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, March 19th. Veritas raised shares of Alimentation Couche-Tard to a “strong-buy” rating in a research report on Thursday, March 20th. Finally, UBS Group upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of “Strong Buy”.

Alimentation Couche-Tard Stock Performance

The stock has a 50 day simple moving average of $50.40 and a 200-day simple moving average of $53.42.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.