The Chief Financial Officer of Alimentation Couche Tard (Other OTC: ANCUF) is Buying Shares

Today, the Chief Financial Officer of Alimentation Couche Tard (ANCUFResearch Report), Claude Tessier, bought shares of ANCUF for $101.5K.

Following this transaction Claude Tessier’s holding in the company was increased by 9% to a total of $1 million. In addition to Claude Tessier, 6 other ANCUF executives reported Buy trades in the last month.

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The company has a one-year high of $37.06 and a one-year low of $21.00. Currently, Alimentation Couche Tard has an average volume of 43.03K. ANCUF’s market cap is $33.2 billion and the company has a P/E ratio of 12.00.

Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $37.77, reflecting a -20.8% downside. 10 different firms, including Desjardins and BMO Capital, currently also have a Buy rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy ANCUF with a $54.00 price target.

The insider sentiment on Alimentation Couche Tard has been positive according to 46 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Alimentation Couche-Tard, Inc. engages in the operation of independent convenience stores. It sells goods for immediate consumption, road transportation fuel, and other products mainly through company-operated stores and franchises stores. It operates under Circle K, Ingo, Couche-Tara brands. The company was founded by Alain Bouchard, Jacques D’Amours, Richard Fortin, and Réal Plourde in 1980 and is headquartered in Laval, Canada.