Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF – Get Rating) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 5,075,800 shares, a decline of 17.1% from the January 31st total of 6,125,100 shares. Based on an average daily volume of 16,000 shares, the short-interest ratio is currently 317.2 days.
Alimentation Couche-Tard Price Performance
Shares of ANCTF opened at $48.09 on Friday. Alimentation Couche-Tard has a 1 year low of $35.26 and a 1 year high of $48.93. The stock has a 50 day simple moving average of $46.13 and a 200-day simple moving average of $44.91.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. 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. Credit Suisse Group initiated coverage on Alimentation Couche-Tard in a research note on Monday, December 19th. They set a “neutral” rating for the company. Stifel Nicolaus boosted their price target on Alimentation Couche-Tard from C$65.00 to C$70.00 in a report on Monday, November 14th. Scotiabank upped their target price on Alimentation Couche-Tard from C$66.00 to C$68.50 in a report on Wednesday, November 16th. Finally, Royal Bank of Canada increased their price objective on Alimentation Couche-Tard from C$80.00 to C$82.00 in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.50.
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 Réal Plourde in 1980 and is headquartered in Laval, Canada.
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