ATCO (TSE:ACO.X) Price Target Raised to C$49.00

ATCO (TSE:ACO.X) had its target price increased by Scotiabank from C$45.00 to C$49.00 in a research report report published on Friday morning,BayStreet.CA reports.

ACO.X has been the subject of several other reports. Royal Bank of Canada increased their price target on shares of ATCO from C$47.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. CIBC lifted their target price on ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. 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. Finally, National Bankshares boosted 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 note on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$51.10.

ATCO Stock Up 0.4 %

ACO.X stock opened at C$48.55 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. ATCO has a 52 week low of C$35.56 and a 52 week high of C$49.32. The stock has a market capitalization of C$4.84 billion, a P/E ratio of 14.20, a P/E/G ratio of 3.80 and a beta of 0.74. The firm has a 50-day simple moving average of C$47.21 and a 200-day simple moving average of C$42.92.

Insider Transactions at ATCO

In other news, insider Sentgraf Enterprises Ltd. purchased 1,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average cost of C$45.65 per share, for a total transaction of C$45,650.00. Over the last quarter, insiders acquired 12,000 shares of company stock worth $569,150. Company insiders own 0.61% of the company’s stock.

ATCO Company Profile

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.