Brokerages Set ATCO Ltd. (TSE:ACO.X) Price Target at C$46.58

ATCO Ltd. (TSE:ACO.X) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$46.58.

Several equities analysts have recently issued reports on ACO.X shares. CIBC upped their price objective on shares of ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Scotiabank upped their price target on shares of ATCO from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Monday, May 13th. BMO Capital Markets lifted their price objective on shares of ATCO from C$50.00 to C$50.50 in a research note on Friday, May 10th. National Bankshares upped their target price on ATCO from C$39.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada raised their target price on ATCO from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 6th.

ATCO Trading Down 0.3 %

Shares of TSE:ACO.X opened at C$44.41 on Thursday. The business’s 50-day moving average is C$40.81 and its 200 day moving average is C$39.07. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. ATCO has a 1 year low of C$32.90 and a 1 year high of C$44.75. The firm has a market capitalization of C$4.43 billion, a P/E ratio of 12.99, a P/E/G ratio of 3.80 and a beta of 0.73.

Insider Transactions at ATCO

In related news, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of ATCO stock in a transaction on Friday, June 21st. The stock was acquired at an average price of C$42.00 per share, for a total transaction of C$2,486,400.00. In related news, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of the stock in a transaction on Friday, June 21st. The shares were acquired at an average price of C$42.00 per share, for a total transaction of C$2,486,400.00. Also, Senior Officer James Landon sold 1,300 shares of ATCO stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$43.56, for a total transaction of C$56,628.00. Company insiders own 0.61% of the company’s stock.

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.