Alimentation Couche-Tard (OTCMKTS:ANCUF) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.
JPMorgan Chase & Co. began coverage on shares of Alimentation Couche-Tard (OTCMKTS:ANCUF) in a research report report published on Monday, The Fly reports. The brokerage issued a neutral rating on the stock.
Other research analysts have also issued reports about the company. Raymond James reaffirmed a buy rating on shares of Alimentation Couche-Tard in a research report on Tuesday, September 8th. BMO Capital Markets upped their target price on Alimentation Couche-Tard from $48.00 to $50.00 and gave the company an outperform rating in a research report on Thursday, September 3rd. Barclays upped their target price on Alimentation Couche-Tard from $47.00 to $53.00 and gave the company an overweight rating in a research report on Thursday, September 3rd. TD Securities increased their price objective on Alimentation Couche-Tard from $50.00 to $53.00 and gave the company a buy rating in a report on Thursday, September 3rd. Finally, CIBC increased their price objective on Alimentation Couche-Tard from $49.00 to $52.00 and gave the company an outperform rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $51.44.
Shares of OTCMKTS:ANCUF opened at $32.80 on Monday. The business’s 50-day moving average is $34.26 and its 200 day moving average is $30.64. Alimentation Couche-Tard has a 1 year low of $21.00 and a 1 year high of $36.40.
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 stores chain under various banners, including Circle K, Corner Stone, Couche-Tard, Holiday, Ingo, Mac's, Re.Store, and Topaz.
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