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

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

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

Alimentation Couche-Tard Stock Down 1.4 %

OTCMKTS ANCTF opened at $44.85 on Friday. Alimentation Couche-Tard has a 1-year low of $38.82 and a 1-year high of $48.93. 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 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.