ATCO (TSE:ACO.X) Price Target Raised to C$50.00

ATCO (TSE:ACO.X) had its price target upped by Royal Bank of Canada from C$47.00 to C$50.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

ACO.X has been the subject of several other research reports. BMO Capital Markets increased their target price on shares of ATCO from C$50.50 to C$52.50 in a research note on Thursday, September 5th. Scotiabank raised their price objective on shares of ATCO from C$43.00 to C$45.00 and gave the company a sector perform rating in a research report on Tuesday, August 20th. National Bankshares lifted their price target on shares of ATCO from C$40.00 to C$45.00 and gave the company a sector perform rating in a research report on Friday, August 23rd. Finally, CIBC lifted their price target on shares of ATCO from C$49.00 to C$51.00 and gave the company an outperform rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, ATCO presently has a consensus rating of Moderate Buy and an average price target of C$48.58.

ATCO Stock Performance

TSE ACO.X opened at C$48.30 on Thursday. ATCO has a 1 year low of C$33.54 and a 1 year high of C$48.72. The company has a market capitalization of C$4.82 billion, a PE ratio of 14.12, a P/E/G ratio of 3.80 and a beta of 0.73. The company has a fifty day moving average of C$44.84 and a two-hundred day moving average of C$40.90. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

Insider Buying and Selling

In other news, insider Sentgraf Enterprises Ltd. bought 1,000 shares of the stock in a transaction on Monday, September 23rd. The stock was purchased at an average cost of C$45.65 per share, with a total value of C$45,650.00. In related news, insider Sentgraf Enterprises Ltd. acquired 1,000 shares of the stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of C$45.65 per share, with a total value of C$45,650.00. Also, Senior Officer James Landon sold 1,300 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$43.56, for a total transaction of C$56,628.00. Insiders purchased 12,000 shares of company stock worth $569,150 in the last ninety days. Insiders own 0.61% of the company’s stock.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.