Insider Buying: ATCO Ltd. (TSE:ACO.X) Director Purchases C$499,689.15 in Stock

ATCO Ltd. (TSE:ACO.X) Director Dawn Lorraine Farrell bought 10,550 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was bought at an average price of C$47.36 per share, with a total value of C$499,689.15.

ATCO Price Performance

TSE:ACO.X opened at C$47.11 on Friday. The firm’s fifty day moving average is C$48.07 and its two-hundred day moving average is C$45.15. The firm has a market cap of C$4.70 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 3.80 and a beta of 0.74. ATCO Ltd. has a one year low of C$35.56 and a one year high of C$50.67. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. CIBC lowered their price target on ATCO from C$59.00 to C$58.00 in a research report on Friday, November 15th. Finally, Scotiabank increased their price objective on ATCO from C$45.00 to C$49.00 in a report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$51.10.

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.