Alimentation Couche-Tard (TSE:ATD.B) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Alimentation Couche-Tard Inc (TSE:ATD.B) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$49.85. Alimentation Couche-Tard shares last traded at C$49.67, with a volume of 1,559,433 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their price target on Alimentation Couche-Tard from C$86.00 to C$88.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th.

Alimentation Couche-Tard Price Performance

The firm has a market capitalization of C$52.83 billion and a P/E ratio of 16.01. The company’s 50-day moving average is C$49.67. The company has a debt-to-equity ratio of 74.62, a current ratio of 1.53 and a quick ratio of 1.07.

Alimentation Couche-Tard Company Profile

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.