ATCO (TSE:ACO.X) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

ATCO (TSE:ACO.X) had its price target raised by analysts at Royal Bank of Canada from C$50.00 to C$51.00 in a research note issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 5.05% from the company’s current price.

ACO.X has been the topic of several other reports. BMO Capital Markets boosted their target price on ATCO from C$50.50 to C$52.50 in a research note on Thursday, September 5th. Scotiabank lifted their price objective on ATCO from C$45.00 to C$49.00 in a research report on Friday. National Bankshares increased their target price on ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Finally, CIBC upped their price target on ATCO from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$51.10.

ATCO Stock Performance

Shares of ACO.X stock opened at C$48.55 on Friday. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. ATCO has a fifty-two week low of C$35.56 and a fifty-two week high of C$49.32. The company has a market capitalization of C$4.84 billion, a P/E ratio of 14.20, a PEG ratio of 3.80 and a beta of 0.74. The stock has a 50 day moving average price of C$47.21 and a two-hundred day moving average price of C$42.87.

Insider Buying and Selling

In other ATCO news, insider Sentgraf Enterprises Ltd. bought 1,000 shares of ATCO stock in a transaction on Monday, September 23rd. The stock was acquired at an average price of C$45.65 per share, with a total value of C$45,650.00. Insiders have bought a total of 12,000 shares of company stock worth $569,150 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

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.