ATCO Ltd. (TSE:ACO.X – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.32 and traded as high as C$45.85. ATCO shares last traded at C$45.20, with a volume of 375,654 shares changing hands.
Wall Street Analysts Forecast Growth
ACO.X has been the topic of several recent analyst reports. National Bankshares lifted their price objective on shares of ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Scotiabank lifted their price target on shares of ATCO from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. CIBC increased their price objective on shares of ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Royal Bank of Canada raised their price objective on ATCO from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 6th. Finally, BMO Capital Markets boosted their target price on ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$48.08.
Get Our Latest Analysis on ACO.X
ATCO Stock Up 0.0 %
Insider Buying and Selling
In related news, Senior Officer James Landon sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$43.56, for a total value of C$56,628.00. Insiders have sold 2,009 shares of company stock valued at $86,996 in the last 90 days. 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.
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