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

ATCO (TSE:ACO.X) had its target price upped by stock analysts at Royal Bank of Canada from C$50.00 to C$51.00 in a report released on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 5.72% from the stock’s current price.

Several other research analysts have also weighed in on ACO.X. CIBC increased their price objective on shares of 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 raised their price target 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. BMO Capital Markets lifted their price objective on shares of ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Finally, Scotiabank lifted their price objective on shares of ATCO from C$45.00 to C$49.00 in a report on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$51.10.

ATCO Price Performance

Shares of ATCO stock traded down C$0.10 during trading hours on Friday, hitting C$48.24. The company had a trading volume of 52,416 shares, compared to its average volume of 194,775. The company’s 50-day moving average price is C$47.08. ATCO has a twelve month low of C$35.56 and a twelve month high of C$49.32. The firm has a market cap of C$4.81 billion, a P/E ratio of 14.11, a P/E/G ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

Insider Buying and Selling at ATCO

In related news, insider Sentgraf Enterprises Ltd. bought 1,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was purchased at an average cost of C$48.50 per share, for a total transaction of C$48,500.00. In the last quarter, insiders have bought 12,000 shares of company stock worth $569,150. Corporate 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.