Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF – Get Rating)'s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $45.11 and traded as low as $43.65. Alimentation Couche-Tard shares last traded at $43.99, with a volume of 20,300 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ANCTF shares. National Bank Financial raised Alimentation Couche-Tard from a "sector perform" rating to an "outperform" rating in a report on Wednesday, August 31st. Canaccord Genuity Group increased their target price on Alimentation Couche-Tard from C$61.00 to C$65.00 and gave the company a "buy" rating in a report on Thursday, September 1st. Scotiabank increased their price target on Alimentation Couche-Tard from C$66.00 to C$68.50 in a report on Wednesday, November 16th. Royal Bank of Canada increased their price objective on Alimentation Couche-Tard from C$79.00 to C$80.00 in a research report on Tuesday, November 15th. Finally, 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $68.28.

Alimentation Couche-Tard Stock Performance

The company has a 50 day moving average price of $45.11 and a 200 day moving average price of $43.54.

About Alimentation Couche-Tard

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.

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