Alimentation Couche-Tard Inc (TSE:ATD.A) hit a new 52-week high during trading on Wednesday . The company traded as high as C$86.06 and last traded at C$83.50, with a volume of 1031 shares trading hands. The stock had previously closed at C$85.95.
Separately, Royal Bank of Canada reissued a “buy” rating and issued a C$86.00 price objective on shares of Alimentation Couche-Tard in a research note on Thursday, February 28th.
In other news, Director Brian Patrick Hannasch sold 69,263 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of C$80.88, for a total transaction of C$5,602,226.93. Following the completion of the transaction, the director now owns 316,880 shares of the company’s stock, valued at approximately C$25,630,331.79.
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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