ATCO (TSE:ACO.X) PT Raised to C$50.00 at BMO Capital Markets

ATCO (TSE:ACO.X) had its price target increased by BMO Capital Markets from C$49.00 to C$50.00 in a report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also weighed in on the stock. Scotiabank lowered their price objective on shares of ATCO from C$43.00 to C$41.00 and set an outperform rating for the company in a research note on Monday, April 22nd. CIBC lifted their price target on shares of ATCO from C$48.00 to C$49.00 and gave the company an outperform rating in a research note on Friday. National Bankshares increased their price objective on shares of ATCO from C$38.00 to C$39.00 in a research report on Friday. Finally, Royal Bank of Canada boosted their target price on ATCO from C$45.00 to C$46.00 and gave the company a sector perform rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$45.50.

ATCO Trading Up 1.2 %

TSE ACO.X opened at C$38.26 on Friday. ATCO has a one year low of C$32.90 and a one year high of C$45.59. The company has a debt-to-equity ratio of 131.44, a current ratio of 1.14 and a quick ratio of 1.48. The business has a 50 day simple moving average of C$37.43 and a 200 day simple moving average of C$37.43. The stock has a market capitalization of C$3.82 billion, a P/E ratio of 10.02, a P/E/G ratio of 3.80 and a beta of 0.68.

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.