ATCO (TSE:ACO.X) Given New C$51.00 Price Target at Royal Bank of Canada

ATCO (TSE:ACO.X) had its price objective raised by investment analysts at Royal Bank of Canada from C$50.00 to C$51.00 in a research report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 5.05% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Scotiabank boosted their target price on shares of ATCO from C$45.00 to C$49.00 in a report on Friday. CIBC lifted their target price on ATCO from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. National Bankshares increased 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. Finally, BMO Capital Markets lifted their price objective on ATCO from C$50.50 to C$52.50 in a research note 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 MarketBeat, the stock has an average rating of “Hold” and an average target price of C$51.10.

ATCO Trading Up 0.4 %

Shares of ATCO stock opened at C$48.55 on Friday. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. ATCO has a fifty-two week low of C$35.56 and a fifty-two week high of C$49.32. The company has a fifty day moving average of C$47.21 and a 200 day moving average of C$42.87. The company has a market capitalization of C$4.84 billion, a P/E ratio of 14.20, a P/E/G ratio of 3.80 and a beta of 0.74.

Insider Buying and Selling at ATCO

In other news, insider Sentgraf Enterprises Ltd. acquired 1,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were acquired at an average price of C$45.65 per share, for a total transaction of C$45,650.00. Insiders have purchased a total of 12,000 shares of company stock worth $569,150 over the last ninety days. 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.