ATCO (TSE:ACO.X) Given New C$49.00 Price Target at Scotiabank

ATCO (TSE:ACO.X - Free Report) had its price objective lifted by Scotiabank from C$45.00 to C$49.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada raised their price objective on shares of ATCO from C$47.00 to C$50.00 and gave the company a "sector perform" rating in a report on Thursday, October 3rd. National Bankshares raised their price target on ATCO from C$40.00 to C$45.00 and gave the company a "sector perform" rating in a research note on Friday, August 23rd. BMO Capital Markets lifted their price target on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Finally, CIBC increased their price objective on ATCO from C$49.00 to C$51.00 and gave the company an "outperform" rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$51.10.

ATCO Stock Up 0.4 %

TSE:ACO.X traded up C$0.21 during mid-day trading on Friday, hitting C$48.55. The stock had a trading volume of 150,600 shares, compared to its average volume of 195,217. ATCO has a twelve month low of C$35.56 and a twelve month high of C$49.32. The stock has a 50-day simple moving average of C$47.21 and a two-hundred day simple moving average of C$42.87. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The company has a market capitalization of C$4.84 billion, a PE ratio of 14.20, a PEG ratio of 3.80 and a beta of 0.74.

Insider Buying and Selling at ATCO

In other news, insider Sentgraf Enterprises Ltd. bought 1,000 shares of the firm's stock in a transaction on Friday, September 27th. The shares were bought at an average cost of C$48.50 per share, for a total transaction of C$48,500.00. Over the last quarter, insiders acquired 12,000 shares of company stock valued at $569,150. 0.61% of the stock is owned by company insiders.

About ATCO

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.