ATCO Ltd. (TSE:ACO.X – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$38.21 and traded as high as C$39.27. ATCO shares last traded at C$38.76, with a volume of 126,591 shares.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Scotiabank raised their price target on ATCO from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Monday, May 13th. BMO Capital Markets lifted their target price on ATCO from C$50.00 to C$50.50 in a research note on Friday, May 10th. CIBC lifted their target price on ATCO from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, National Bankshares lifted their target price on ATCO from C$38.00 to C$39.00 in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ATCO presently has a consensus rating of “Moderate Buy” and a consensus price target of C$45.92.
Check Out Our Latest Stock Analysis on ACO.X
ATCO Stock Up 0.2 %
Insider Activity
In other ATCO news, insider Sentgraf Enterprises Ltd. purchased 59,200 shares of the stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of C$42.00 per share, for a total transaction of C$2,486,400.00. 0.61% of the stock is currently 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.
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