ATCO (TSE:ACO.X) Given New C$49.00 Price Target at Scotiabank

ATCO (TSE:ACO.X) had its price target raised by Scotiabank from C$45.00 to C$49.00 in a report published on Friday,BayStreet.CA reports.

A number of other analysts also recently issued reports on ACO.X. National Bankshares increased their target price on shares of ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Royal Bank of Canada increased their price objective on shares of ATCO from C$47.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. CIBC raised their price objective on ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Finally, BMO Capital Markets increased their target price on ATCO from C$50.50 to C$52.50 in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$51.10.

ATCO Trading Up 0.4 %

ACO.X stock opened at C$48.55 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The company has a market cap of C$4.84 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 3.80 and a beta of 0.74. The business has a fifty day simple moving average of C$47.21 and a 200-day simple moving average of C$42.92. ATCO has a 52 week low of C$35.56 and a 52 week high of C$49.32.

Insider Buying and Selling

In other news, insider Sentgraf Enterprises Ltd. purchased 10,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average cost of C$47.50 per share, for a total transaction of C$475,000.00. Over the last quarter, insiders purchased 12,000 shares of company stock worth $569,150. 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.