ATCO (TSE:ACO.X) Price Target Raised to C$51.00

ATCO (TSE:ACO.X - Get Free Report) had its target price boosted by equities research analysts at Royal Bank of Canada from C$50.00 to C$51.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank of Canada's target price indicates a potential upside of 5.05% from the stock's previous close.

A number of other equities research analysts also recently weighed in on ACO.X. Scotiabank upped their price target on shares of ATCO from C$45.00 to C$49.00 in a report on Friday. CIBC increased their target price on shares of ATCO from C$49.00 to C$51.00 and gave the company an "outperform" rating in a research note on Tuesday, August 6th. National Bankshares raised their target price on shares of ATCO from C$40.00 to C$45.00 and gave the stock a "sector perform" rating in a report on Friday, August 23rd. Finally, BMO Capital Markets upped their price target on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$51.10.

ATCO Price Performance

ACO.X traded up C$0.21 on Friday, reaching C$48.55. The company had a trading volume of 150,600 shares, compared to its average volume of 195,217. The company has a market capitalization of C$4.84 billion, a P/E ratio of 14.20, a PEG ratio of 3.80 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The company has a fifty day moving average of C$47.21 and a 200-day moving average of C$42.87. ATCO has a one year low of C$35.56 and a one year high of C$49.32.

Insider Activity at ATCO

In related news, insider Sentgraf Enterprises Ltd. purchased 1,000 shares of ATCO 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. Insiders acquired a total of 12,000 shares of company stock worth $569,150 in the last 90 days. 0.61% of the stock is owned by company insiders.

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.