Alimentation Couche-Tard (OTCMKTS:ANCTF) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Alimentation Couche-Tard Inc. (OTCMKTS:ANCTF) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $54.32 and traded as low as $49.18. Alimentation Couche-Tard shares last traded at $49.51, with a volume of 19,997 shares changing hands.

Wall Street Analysts Forecast Growth

ANCTF has been the subject of a number of recent analyst reports. National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 17th. UBS Group raised Alimentation Couche-Tard to a “strong-buy” rating in a research report on Friday, December 13th. Desjardins lowered Alimentation Couche-Tard from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, March 4th.

Alimentation Couche-Tard Trading Down 0.1 %

The business has a fifty day simple moving average of $51.62 and a two-hundred day simple moving average of $54.21.

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.