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

ATCO (TSE:ACO.X) had its price objective lifted by Royal Bank of Canada from C$50.00 to C$51.00 in a report released on Friday,BayStreet.CA reports.

ACO.X has been the topic of a number of other reports. Scotiabank boosted their price objective on ATCO from C$45.00 to C$49.00 in a research note on Friday. CIBC boosted their price objective on ATCO from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. BMO Capital Markets upped their target price on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Finally, National Bankshares upped their target price on ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$51.10.

ATCO Trading Up 0.4 %

Shares of TSE ACO.X traded up C$0.21 during trading on Friday, reaching C$48.55. The company had a trading volume of 150,600 shares, compared to its average volume of 195,217. The company’s fifty day moving average price is C$47.15 and its 200-day moving average price is C$42.83. ATCO has a 12 month low of C$35.56 and a 12 month high of C$49.32. The stock has a market cap of C$4.84 billion, a P/E ratio of 14.20, a PEG ratio of 3.80 and a beta of 0.74. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.

Insider Activity

In other news, insider Sentgraf Enterprises Ltd. bought 10,000 shares of ATCO stock in a transaction on Wednesday, September 25th. The shares were purchased at an average price of C$47.50 per share, for a total transaction of C$475,000.00. Over the last three months, insiders have purchased 12,000 shares of company stock valued at $569,150. 0.61% of the stock is currently owned by insiders.

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.