ATCO (TSE:ACO.X) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

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

Other research analysts have also recently issued research reports about the stock. CIBC lifted their target price on shares of ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. National Bankshares lifted their price objective on ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Scotiabank boosted their price objective on ATCO from C$45.00 to C$49.00 in a research note on Friday. Finally, BMO Capital Markets raised their target price 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 company’s stock. According to MarketBeat, ATCO currently has an average rating of “Hold” and a consensus target price of C$51.10.

ATCO Stock Up 0.4 %

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

Insider Buying and Selling

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