ATCO (TSE:ACO.X) Price Target Raised to C$62.00

by · The Cerbat Gem

ATCO (TSE:ACO.X – Get Free Report) had its price objective raised by research analysts at CIBC from C$59.00 to C$62.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 23.36% from the company’s current price.

Separately, Scotiabank raised their price objective on shares of ATCO from C$49.00 to C$51.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Three 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 presently has an average rating of “Hold” and an average price target of C$52.30.

Read Our Latest Report on ACO.X

ATCO Stock Down 2.2 %

Shares of TSE ACO.X traded down C$1.11 during mid-day trading on Friday, hitting C$50.26. 118,868 shares of the stock traded hands, compared to its average volume of 239,050. ATCO has a 52 week low of C$35.56 and a 52 week high of C$51.67. The company has a market cap of C$5.01 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The stock has a fifty day moving average price of C$47.90 and a 200-day moving average price of C$47.73.

Insider Activity

In other ATCO news, Senior Officer James Landon sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$49.80, for a total value of C$49,800.00. In the last three months, insiders have sold 2,100 shares of company stock worth $103,044. 0.61% of the stock is currently owned by company insiders.

ATCO Company Profile

(Get Free Report)

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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