Alimentation Couche-Tard (OTCMKTS:ANCTF) Given New C$76.00 Price Target at CIBC

Alimentation Couche-Tard (OTCMKTS:ANCTF – Get Rating) had its target price lifted by research analysts at CIBC from C$73.00 to C$76.00 in a report issued on Friday, The Fly reports.

Several other equities research analysts have also weighed in on ANCTF. Raymond James boosted their target price on Alimentation Couche-Tard from C$60.00 to C$75.00 in a report on Thursday, March 9th. Scotiabank lifted their price target on Alimentation Couche-Tard from C$71.00 to C$74.00 in a research report on Friday. Desjardins lifted their price target on Alimentation Couche-Tard from C$65.00 to C$69.00 in a research report on Monday, November 21st. Royal Bank of Canada lifted their price target on Alimentation Couche-Tard from C$82.00 to C$85.00 in a research report on Friday. Finally, Credit Suisse Group began coverage on Alimentation Couche-Tard in a research report 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.50.

Alimentation Couche-Tard Stock Performance

ANCTF opened at $44.85 on Friday. The business has a 50 day moving average price of $46.47 and a 200 day moving average price of $44.99. Alimentation Couche-Tard has a twelve month low of $38.82 and a twelve month 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.