ATCO Ltd. (TSE:ACO.X) Director Acquires C$499,689.15 in Stock

ATCO Ltd. (TSE:ACO.X) Director Dawn Lorraine Farrell purchased 10,550 shares of the stock in a transaction on Friday, January 3rd. The shares were acquired at an average price of C$47.36 per share, for a total transaction of C$499,689.15.

ATCO Price Performance

ATCO stock opened at C$47.11 on Friday. The company has a fifty day simple moving average of C$48.07 and a 200-day simple moving average of C$45.15. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The firm has a market capitalization of C$4.70 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 3.80 and a beta of 0.74. ATCO Ltd. has a 52-week low of C$35.56 and a 52-week high of C$50.67.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ACO.X shares. CIBC decreased their target price on ATCO from C$59.00 to C$58.00 in a research report on Friday, November 15th. Scotiabank lifted their target price on shares of ATCO from C$45.00 to C$49.00 in a research report on Friday, November 15th. Finally, Royal Bank of Canada upped their price target on shares of ATCO from C$50.00 to C$51.00 in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, ATCO currently has a consensus rating of “Hold” and an average price target of C$51.10.

About ATCO

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.