ATCO (TSE:ACO.X) Price Target Raised to C$59.00

ATCO (TSE:ACO.X - Get Free Report) had its target price increased by stock analysts at CIBC from C$58.00 to C$59.00 in a report released on Friday,BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 23.12% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada lifted their price target on ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. Scotiabank increased their price target on ATCO from C$49.00 to C$51.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, ATCO presently has a consensus rating of "Hold" and a consensus price target of C$51.70.

ATCO Stock Performance

Shares of ATCO stock traded down C$0.09 during trading on Friday, hitting C$47.92. 393,692 shares of the stock were exchanged, compared to its average volume of 225,855. The stock's fifty day moving average is C$47.13 and its 200 day moving average is C$47.08. The stock has a market cap of C$4.78 billion, a PE ratio of 14.01, a P/E/G ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. ATCO has a 12 month low of C$35.56 and a 12 month high of C$50.67.

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Insiders Place Their Bets

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

ATCO Company Profile

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.