Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF – Get Rating) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 6,079,000 shares, a decline of 9.6% from the November 30th total of 6,725,100 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is presently 620.3 days.

Analyst Upgrades and Downgrades

ANCTF has been the topic of a number of recent research reports. Stifel Nicolaus boosted their target price on Alimentation Couche-Tard from C$65.00 to C$70.00 in a research note on Monday, November 14th. Scotiabank upped their price target on Alimentation Couche-Tard from C$66.00 to C$68.50 in a research note on Wednesday, November 16th. Credit Suisse Group started coverage on Alimentation Couche-Tard in a research note on Monday, December 19th. They set a "neutral" rating for 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. Finally, Royal Bank of Canada upped their price target on Alimentation Couche-Tard from C$79.00 to C$80.00 in a research note on Tuesday, November 15th. One investment 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 target price of $68.28.

Alimentation Couche-Tard Price Performance

OTCMKTS ANCTF opened at $44.01 on Tuesday. Alimentation Couche-Tard has a twelve month low of $35.26 and a twelve month high of $48.35. The stock has a 50-day simple moving average of $45.31 and a 200 day simple moving average of $43.62.

Alimentation Couche-Tard Company Profile

(Get Rating)

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.

Further Reading

• Get a free copy of the StockNews.com research report on Alimentation Couche-Tard (ANCTF)
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