ATCO (TSE:ACO.X) Price Target Raised to C$62.00

ATCO (TSE:ACO.X) had its price objective lifted by analysts at CIBC from C$59.00 to C$62.00 in a report released on Friday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 23.36% from the stock’s previous close.

Separately, Scotiabank lifted their price target on shares of 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, ATCO currently has an average rating of “Hold” and an average price target of C$52.30.

ATCO Trading Down 2.2 %

TSE:ACO.X traded down C$1.11 on Friday, hitting C$50.26. 118,868 shares of the stock were exchanged, compared to its average volume of 239,050. The stock has a market cap of C$5.01 billion, a PE ratio of 14.70, a PEG ratio of 3.80 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. ATCO has a fifty-two week low of C$35.56 and a fifty-two week high of C$51.67. The stock has a fifty day moving average of C$47.90 and a 200-day moving average of C$47.73.

Insider Buying and Selling

In other news, Senior Officer James Landon sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of C$49.80, for a total transaction of C$49,800.00. Insiders have sold a total of 2,100 shares of company stock worth $103,044 over the last ninety days. Company insiders own 0.61% of the company’s stock.

About ATCO

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.