ATCO Ltd. (TSE:ACO.X - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$45.64 and traded as high as C$47.36. ATCO shares last traded at C$46.93, with a volume of 164,015 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on ACO.X shares. Royal Bank of Canada boosted their target price on shares of ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. CIBC lowered their price target on ATCO from C$59.00 to C$58.00 in a research report on Friday, November 15th. Finally, Scotiabank raised their price objective on ATCO from C$45.00 to C$49.00 in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$51.10.
Read Our Latest Research Report on ACO.X
ATCO Stock Performance
The company has a fifty day moving average price of C$47.86 and a two-hundred day moving average price of C$45.70. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The company has a market capitalization of C$4.70 billion, a P/E ratio of 13.79, a PEG ratio of 3.80 and a beta of 0.74.
Insider Buying and Selling at ATCO
In related news, Director Dawn Lorraine Farrell acquired 10,550 shares of ATCO stock in a transaction dated Friday, January 3rd. The stock was bought at an average price of C$47.36 per share, with a total value of C$499,689.15. Also, insider Sentgraf Enterprises Ltd. purchased 5,000 shares of the firm's stock in a transaction on Monday, December 9th. The stock was bought at an average cost of C$49.25 per share, with a total value of C$246,250.00. In the last quarter, insiders have purchased 22,950 shares of company stock worth $1,108,539. Insiders own 0.61% of the company's stock.
About ATCO
(
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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.
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