ATCO Ltd. (TSE:ACO.X) Insider Purchases C$45,650.00 in Stock

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. purchased 1,000 shares of ATCO stock in a transaction dated Monday, September 23rd. The shares were bought at an average price of C$45.65 per share, with a total value of C$45,650.00.

Sentgraf Enterprises Ltd. also recently made the following trade(s):

• On Wednesday, September 25th, Sentgraf Enterprises Ltd. purchased 10,000 shares of ATCO stock. The shares were purchased at an average price of C$47.50 per share, for a total transaction of C$475,000.00.

ATCO Trading Up 1.5 %

Shares of TSE:ACO.X opened at C$48.18 on Friday. The stock’s 50-day simple moving average is C$44.02 and its two-hundred day simple moving average is C$40.52. The stock has a market capitalization of C$4.80 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 3.80 and a beta of 0.73. ATCO Ltd. has a 52-week low of C$32.90 and a 52-week high of C$48.40. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ACO.X shares. CIBC upped 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. Scotiabank increased their price objective on ATCO from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets boosted their target price on ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. National Bankshares raised their price target on shares of ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Finally, Royal Bank of Canada lifted their price target on shares of ATCO from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$48.08.

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.