ATCO (TSE:ACO.X) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

ATCO Ltd. (TSE:ACO.X) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$44.57 and traded as high as C$47.54. ATCO shares last traded at C$47.42, with a volume of 75,693 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ACO.X shares. Royal Bank of Canada boosted their price objective on shares of ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. CIBC lowered their target price on shares of ATCO from C$59.00 to C$58.00 in a research note on Friday, November 15th. Scotiabank lifted their price target on shares of ATCO from C$45.00 to C$49.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets increased their price objective on shares of ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, ATCO presently has a consensus rating of “Hold” and an average target price of C$51.10.

ATCO Price Performance

The firm has a 50-day simple moving average of C$48.30 and a 200-day simple moving average of C$44.68. The firm has a market capitalization of C$4.73 billion, a PE ratio of 13.87, a PEG ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

Insider Transactions at ATCO

In other ATCO news, insider Sentgraf Enterprises Ltd. acquired 5,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of C$49.25 per share, with a total value of C$246,250.00. Company insiders own 0.61% of the company’s stock.

ATCO Company Profile

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.