ATCO Ltd. (TSE:ACO.X - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$46.27 and traded as high as C$47.27. ATCO shares last traded at C$47.23, with a volume of 175,558 shares trading hands.
Wall Street Analyst Weigh In
ACO.X has been the topic of several analyst reports. Scotiabank raised their price target on shares of ATCO from C$45.00 to C$49.00 in a research note on Friday, November 15th. CIBC lowered their price objective on shares of ATCO from C$59.00 to C$58.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada raised their price objective on shares of ATCO from C$50.00 to C$51.00 in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ATCO currently has an average rating of "Hold" and a consensus target price of C$51.10.
Get Our Latest Research Report on ACO.X
ATCO Stock Down 0.6 %
The firm has a market cap of C$4.68 billion, a P/E ratio of 13.73, a P/E/G ratio of 3.80 and a beta of 0.74. The business's fifty day moving average price is C$47.32 and its two-hundred day moving average price is C$46.38. 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 related news, insider Sentgraf Enterprises Ltd. purchased 7,400 shares of the firm's stock in a transaction on Friday, December 6th. The shares were bought at an average cost of C$49.00 per share, for a total transaction of C$362,600.00. Also, Director Dawn Lorraine Farrell bought 10,550 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were acquired at an average price of C$47.36 per share, for a total transaction of C$499,689.15. Insiders have bought 22,950 shares of company stock worth $1,108,539 in the last quarter. 0.61% of the stock is currently owned by company insiders.
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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