Alimentation Couche-Tard (OTCMKTS:ANCTF) Shares Cross Below 200 Day Moving Average of $43.33

Shares of Alimentation Couche-Tard Inc. (OTCMKTS:ANCTFGet Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.33 and traded as low as $41.91. Alimentation Couche-Tard shares last traded at $41.91, with a volume of 3,746 shares.

Analyst Ratings Changes

A number of research firms have issued reports on ANCTF. TD Securities increased their target price on Alimentation Couche-Tard from C$67.00 to C$69.00 in a report on Thursday, September 1st. Stifel Nicolaus upgraded Alimentation Couche-Tard from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Canaccord Genuity Group increased their target price on Alimentation Couche-Tard from C$61.00 to C$65.00 and gave the stock a “buy” rating in a report on Thursday, September 1st. Scotiabank increased their target price on Alimentation Couche-Tard from C$66.00 to C$73.00 in a report on Thursday, September 1st. Finally, BMO Capital Markets increased their target price on Alimentation Couche-Tard from C$65.00 to C$70.00 in a report on Thursday, August 18th.

Alimentation Couche-Tard Stock Down 0.9 %

The company’s 50 day moving average is $44.07 and its 200-day moving average is $43.36.

Alimentation Couche-Tard (OTCMKTS:ANCTFGet Rating) last issued its earnings results on Tuesday, June 28th. The company reported $0.55 earnings per share (EPS) for the quarter. The firm had revenue of $16.43 billion during the quarter.

Alimentation Couche-Tard Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 8th were paid a $0.084 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a yield of 0.76%.

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

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