Alimentation Couche-Tard (OTCMKTS:ANCTF) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $51.75 and traded as low as $49.64. Alimentation Couche-Tard shares last traded at $50.25, with a volume of 169,283 shares.

Wall Street Analyst Weigh In

ANCTF has been the topic of several research analyst reports. National Bankshares reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Monday, August 18th. The Goldman Sachs Group raised Alimentation Couche-Tard to a “hold” rating in a research report on Friday, September 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, September 3rd. TD Securities reiterated a “buy” rating on shares of Alimentation Couche-Tard in a research report on Thursday, September 4th. Finally, Scotiabank reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, September 4th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Alimentation Couche-Tard has a consensus rating of “Buy”.

Alimentation Couche-Tard Stock Performance

The firm’s 50 day moving average is $52.28 and its 200-day moving average is $51.75.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.