ATCO (TSE:ACO.X) Given a C$56.00 Price Target by TD Securities Analysts

ATCO (TSE:ACO.X - Get Free Report) has been given a C$56.00 price target by stock analysts at TD Securities in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' target price would indicate a potential upside of 11.42% from the company's current price.

A number of other research analysts also recently weighed in on ACO.X. Royal Bank Of Canada raised their price objective on ATCO from C$51.00 to C$53.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. CIBC increased their price target on ATCO from C$59.00 to C$62.00 in a report on Friday, April 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$53.25.

ATCO Stock Down 0.5%

TSE:ACO.X traded down C$0.26 during mid-day trading on Friday, reaching C$50.26. The stock had a trading volume of 44,597 shares, compared to its average volume of 214,204. The stock has a market cap of C$5.01 billion, a P/E ratio of 14.70, a PEG ratio of 3.80 and a beta of 0.74. The business's 50 day moving average is C$51.05 and its 200 day moving average is C$48.92. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. ATCO has a fifty-two week low of C$38.36 and a fifty-two week high of C$52.48.

Insiders Place Their Bets

In related news, insider Sentgraf Enterprises Ltd. acquired 7,407 shares of the stock in a transaction dated Monday, June 9th. The shares were bought at an average cost of C$50.55 per share, for a total transaction of C$374,423.85. Also, Senior Officer Rebecca M. Kalmacoff sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of C$51.40, for a total value of C$77,100.00. Insiders have sold 2,357 shares of company stock worth $121,090 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

ATCO Company Profile

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco's primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.

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