ATCO (TSE:ACO.X) Given New C$58.00 Price Target at CIBC

ATCO (TSE:ACO.X) had its target price lowered by CIBC from C$59.00 to C$58.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other research analysts also recently commented on ACO.X. Scotiabank increased their target price on shares of ATCO from C$45.00 to C$49.00 in a research report on Friday. National Bankshares increased their price target on shares of ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Royal Bank of Canada increased their price target on shares of ATCO from C$50.00 to C$51.00 in a research note on Friday. Finally, BMO Capital Markets increased their price target on shares of ATCO from C$50.50 to C$52.50 in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, ATCO has a consensus rating of “Hold” and a consensus price target of C$51.10.

ATCO Stock Up 0.4 %

Shares of TSE ACO.X traded up C$0.21 during mid-day trading on Friday, reaching C$48.55. The company had a trading volume of 150,600 shares, compared to its average volume of 195,217. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The firm has a 50 day simple moving average of C$47.15 and a two-hundred day simple moving average of C$42.83. The stock has a market cap of C$4.84 billion, a P/E ratio of 14.20, a PEG ratio of 3.80 and a beta of 0.74. ATCO has a 52-week low of C$35.56 and a 52-week high of C$49.32.

Insider Transactions at ATCO

In related news, insider Sentgraf Enterprises Ltd. acquired 1,000 shares of ATCO stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of C$48.50 per share, for a total transaction of C$48,500.00. In the last quarter, insiders bought 12,000 shares of company stock worth $569,150. Company insiders own 0.61% of the company’s stock.

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.