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

ATCO (TSE:ACO.X - Free Report) had its target price increased by Scotiabank from C$49.00 to C$51.00 in a research note published on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other analysts have also issued research reports about the stock. Royal Bank of Canada increased their target price on shares of ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. CIBC dropped their target price on shares of ATCO from C$59.00 to C$58.00 in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, ATCO currently has a consensus rating of "Hold" and a consensus price target of C$51.50.

ATCO Stock Down 1.2 %

ATCO stock traded down C$0.59 during trading on Thursday, hitting C$47.11. 248,814 shares of the company were exchanged, compared to its average volume of 207,261. The company has a market capitalization of C$4.70 billion, a P/E ratio of 13.77, a PEG ratio of 3.80 and a beta of 0.74. The business's 50 day moving average is C$47.12 and its 200 day moving average is C$46.64. ATCO has a 52 week low of C$35.56 and a 52 week high of C$50.67. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63.

Insider Buying and Selling

In other ATCO news, insider Sentgraf Enterprises Ltd. acquired 5,000 shares of ATCO stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of C$49.25 per share, for a total transaction of C$246,250.00. Also, Director Dawn Lorraine Farrell acquired 10,550 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were bought at an average price of C$47.36 per share, for a total transaction of C$499,689.15. In the last 90 days, insiders bought 22,950 shares of company stock valued at $1,108,539. 0.61% of the stock is owned by insiders.

About ATCO

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco's primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.