ATCO Ltd. (TSE:ACO.X - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$44.30 and traded as high as C$48.23. ATCO shares last traded at C$47.40, with a volume of 237,547 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Scotiabank lifted their target price on ATCO from C$45.00 to C$49.00 in a research report on Friday, November 15th. BMO Capital Markets boosted their price objective on shares of ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. Royal Bank of Canada raised their target price on shares of ATCO from C$50.00 to C$51.00 in a research report on Friday, November 15th. CIBC cut their price target on shares of ATCO from C$59.00 to C$58.00 in a research report on Friday, November 15th. Finally, National Bankshares raised their price objective on ATCO from C$40.00 to C$45.00 and gave the company a "sector perform" rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$51.10.
Check Out Our Latest Research Report on ATCO
ATCO Stock Down 0.4 %
The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The stock's 50-day simple moving average is C$48.40 and its 200 day simple moving average is C$44.35. The firm has a market cap of C$4.71 billion, a P/E ratio of 13.81, a PEG ratio of 3.80 and a beta of 0.74.
Insider Buying and Selling
In other news, insider Sentgraf Enterprises Ltd. acquired 1,000 shares of ATCO stock in a transaction on Monday, September 23rd. The stock was purchased at an average price of C$45.65 per share, with a total value of C$45,650.00. Insiders have purchased a total of 24,400 shares of company stock valued at $1,178,000 over the last ninety days. 0.61% of the stock is owned by corporate insiders.
About ATCO
(
Get Free Report)
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.
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