Alimentation Couche-Tard (OTCMKTS:ANCTF) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $53.42 and traded as low as $48.63. Alimentation Couche-Tard shares last traded at $49.31, with a volume of 3,978 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. National Bank Financial upgraded Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a report on Monday, February 17th. UBS Group upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a report on Friday, December 13th. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, March 4th. Veritas upgraded Alimentation Couche-Tard to a “strong-buy” rating in a research note on Thursday, March 20th. Finally, Desjardins raised shares of Alimentation Couche-Tard from a “hold” rating to a “moderate buy” rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Alimentation Couche-Tard Trading Up 1.6 %

The business has a fifty day simple moving average of $50.33 and a 200 day simple moving average of $53.38.

About Alimentation Couche-Tard

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.