ATCO (TSE:ACO.X) PT Raised to C$47.00 at Royal Bank of Canada

ATCO (TSE:ACO.X) had its price objective boosted by research analysts at Royal Bank of Canada from C$46.00 to C$47.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 8.22% from the stock’s previous close.

A number of other analysts have also recently commented on ACO.X. National Bankshares lifted their price target on ATCO from C$38.00 to C$39.00 in a research report on Friday, May 3rd. BMO Capital Markets upped their target price on ATCO from C$50.00 to C$50.50 in a research report on Friday, May 10th. Scotiabank raised their price target on shares of ATCO from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. Finally, CIBC boosted their price objective on ATCO from C$48.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$46.58.

ATCO Stock Down 0.1 %

Shares of ACO.X traded down C$0.06 during mid-day trading on Tuesday, hitting C$43.43. 123,442 shares of the company traded hands, compared to its average volume of 202,222. The business has a 50 day moving average of C$39.95 and a 200 day moving average of C$38.60. The company has a market capitalization of C$4.33 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 3.80 and a beta of 0.67. ATCO has a 1-year low of C$32.90 and a 1-year high of C$43.88. The company has a quick ratio of 1.48, a current ratio of 1.18 and a debt-to-equity ratio of 128.41.

Insiders Place Their Bets

In other ATCO news, insider Sentgraf Enterprises Ltd. purchased 59,200 shares of the company’s stock in a transaction on Friday, June 21st. The shares were purchased at an average cost of C$42.00 per share, for a total transaction of C$2,486,400.00. 0.61% of the stock is owned by corporate insiders.

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.