ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) PT Raised to C$50.00

ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) had its target price hoisted by Royal Bank of Canada from C$48.00 to C$50.00 in a research note released on Thursday, September 19th, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other equities analysts have also issued reports on ACO.X. TD Securities raised their price target on ATCO LTD -CLASS I Common Stock (US funds) from C$52.00 to C$55.00 and gave the stock a buy rating in a research report on Friday, July 26th. UBS Group raised their price target on ATCO LTD -CLASS I Common Stock (US funds) from C$54.00 to C$59.00 in a research report on Friday, September 6th. Finally, BMO Capital Markets raised their price target on ATCO LTD -CLASS I Common Stock (US funds) from C$48.00 to C$50.00 in a research report on Monday, September 9th.

Shares of TSE:ACO.X traded down C$0.43 on Thursday, hitting C$48.50. The company’s stock had a trading volume of 146,299 shares, compared to its average volume of 129,315. The company has a 50-day simple moving average of C$47.91 and a 200 day simple moving average of C$45.94. ATCO LTD -CLASS I Common Stock has a 1 year low of C$34.95 and a 1 year high of C$49.36. The company has a market capitalization of $4.92 billion and a PE ratio of 10.71. The company has a debt-to-equity ratio of 129.75, a current ratio of 1.17 and a quick ratio of 0.33.

In other ATCO LTD -CLASS I Common Stock (US funds) news, insider Sentgraf Enterprises Ltd. acquired 41,100 shares of the stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost of C$45.56 per share, for a total transaction of C$1,872,331.05. Following the completion of the transaction, the insider now directly owns 26,018,736 shares of the company’s stock, valued at C$1,185,296,527.85. Insiders have acquired 60,100 shares of company stock valued at $2,756,637 in the last three months.

About ATCO LTD -CLASS I Common Stock (US funds)

ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses in Canada, Australia, and internationally. The company operates through Canadian Utilities Limited, Structures & Logistics, Neltume Ports, and Corporate & Other segments. The Canadian Utilities Limited segment provides electricity services, such as electricity generation, transmission, distribution, and other related infrastructure solutions; and pipelines and liquid services that include integrated natural gas transmission, distribution and storage, industrial water solutions, and related infrastructure development, as well as retails natural gas and electricity.

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