Alimentation Couche-Tard Inc (TSE:ATD.A) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$85.11 and last traded at C$84.97, with a volume of 860 shares trading hands. The stock had previously closed at C$83.95.

Separately, Royal Bank of Canada reissued a “buy” rating and issued a C$86.00 target price on shares of Alimentation Couche-Tard in a report on Thursday, February 28th.

In related news, Director Brian Patrick Hannasch sold 69,263 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of C$80.88, for a total value of C$5,602,226.93. Following the completion of the sale, the director now directly owns 316,880 shares of the company’s stock, valued at approximately C$25,630,331.79.

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Alimentation Couche-Tard Company Profile (TSE:ATD.A)

Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, beverages, and fresh food offerings; road transportation fuel; and stationary energy, marine fuel, aviation fuel, and chemicals. The company operates its convenience store and road transportation fuel retailing chain under various banners, including Circle K, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.

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