ATCO Ltd. (TSE:ACO.X - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$45.97 and traded as high as C$46.66. ATCO shares last traded at C$46.39, with a volume of 147,551 shares trading hands.
Wall Street Analyst Weigh In
ACO.X has been the subject of several recent analyst reports. CIBC reduced their target price on ATCO from C$59.00 to C$58.00 in a report on Friday, November 15th. Royal Bank of Canada lifted their target price on ATCO from C$50.00 to C$51.00 in a research note on Friday, November 15th. Finally, Scotiabank increased their target price on shares of ATCO from C$45.00 to C$49.00 in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of C$51.10.
Read Our Latest Report on ACO.X
ATCO Price Performance
The stock has a 50-day moving average price of C$47.69 and a 200 day moving average price of C$45.97. The firm has a market capitalization of C$4.63 billion, a PE ratio of 13.56, a PEG ratio of 3.80 and a beta of 0.74. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.
Insider Activity at ATCO
In other news, insider Sentgraf Enterprises Ltd. purchased 5,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average price 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 company's stock in a transaction on Friday, January 3rd. The stock was purchased at an average cost of C$47.36 per share, for a total transaction of C$499,689.15. In the last 90 days, insiders have bought 22,950 shares of company stock worth $1,108,539. 0.61% of the stock is currently owned by company insiders.
ATCO Company Profile
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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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