Trading Report: Today, Scotiabank Reaffirmed Outperform Rating for Alimentation Couche-Tard Inc (ANCUF)

Today, Scotiabank Reaffirmed Outperform Rating for Alimentation Couche-Tard Inc (ANCUF)

Scotiabank reaffirmed their outperform rating on shares of Alimentation Couche-Tard Inc (OTCMKTS:ANCUF) in a research note released on Saturday morning. Scotiabank currently has a $80.00 target price on the stock.

Several other research firms also recently commented on ANCUF. Dundee Securities reiterated a buy rating and issued a $74.00 price target on shares of Alimentation Couche-Tard in a research report on Friday, September 23rd. Barclays PLC raised shares of Alimentation Couche-Tard from an equal weight rating to an overweight rating and boosted their price objective for the company from $61.00 to $76.00 in a research note on Wednesday, August 24th. Desjardins reissued a buy rating and issued a $74.00 price objective (up from $68.00) on shares of Alimentation Couche-Tard in a research note on Wednesday, August 24th. TD Securities reissued a buy rating and issued a $80.00 price objective on shares of Alimentation Couche-Tard in a research note on Monday, August 22nd. Finally, Macquarie reissued an outperform rating and issued a $75.00 price objective (up from $70.00) on shares of Alimentation Couche-Tard in a research note on Wednesday, August 24th. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $76.00.

Alimentation Couche-Tard (OTCMKTS:ANCUF) opened at 47.0495 on Friday. The stock has a market capitalization of $26.71 billion and a P/E ratio of 21.8835. Alimentation Couche-Tard has a 1-year low of $38.69 and a 1-year high of $52.97. The stock has a 50 day moving average of $49.08 and a 200 day moving average of $46.62.

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