ATCO Ltd. (TSE:ACO.X) Insider Acquires C$45,650.00 in Stock

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. purchased 1,000 shares of ATCO stock in a transaction dated Monday, September 23rd. The shares were bought at an average price of C$45.65 per share, for a total transaction of C$45,650.00.

ATCO Price Performance

Shares of ACO.X stock traded up C$0.48 during mid-day trading on Tuesday, reaching C$46.22. The stock had a trading volume of 201,160 shares, compared to its average volume of 205,769. ATCO Ltd. has a 12-month low of C$32.90 and a 12-month high of C$46.59. The company has a market cap of C$4.61 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 3.80 and a beta of 0.73. The business has a 50-day simple moving average of C$43.71 and a 200 day simple moving average of C$40.39. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63.

Analysts Set New Price Targets

Several brokerages recently issued reports on ACO.X. National Bankshares boosted 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 report on Friday, August 23rd. Scotiabank boosted their price objective on ATCO from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. 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. Royal Bank of Canada increased their price target on shares of ATCO from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 6th. Finally, CIBC increased their price objective on ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$48.08.

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.