ATCO Ltd. (TSE:ACO.X) Senior Officer P. Derek Cook Sells 500 Shares

ATCO Ltd. (TSE:ACO.X) Senior Officer P. Derek Cook sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$48.80, for a total value of C$24,400.00.

P. Derek Cook also recently made the following trade(s):

• On Monday, March 3rd, P. Derek Cook sold 400 shares of ATCO stock. The shares were sold at an average price of C$47.86, for a total transaction of C$19,144.00.

ATCO Stock Down 0.7 %

ATCO stock traded down C$0.37 during mid-day trading on Wednesday, reaching C$49.25. The company’s stock had a trading volume of 81,785 shares, compared to its average volume of 242,970. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. ATCO Ltd. has a 12 month low of C$35.56 and a 12 month high of C$50.67. The business’s 50 day simple moving average is C$47.46 and its 200 day simple moving average is C$47.50. The company has a market capitalization of C$4.91 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74.

Analysts Set New Price Targets

ACO.X has been the topic of several research reports. CIBC boosted their price objective on shares of ATCO from C$58.00 to C$59.00 in a research report on Friday, February 28th. Scotiabank boosted their price target on ATCO from C$49.00 to C$51.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, ATCO presently has a consensus rating of “Hold” and a consensus price target of C$51.70.

ATCO Company Profile

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.