ATCO Ltd. (TSE:ACO.X - Get Free Report) passed above its two hundred day moving average during trading on Wednesday after an insider bought additional shares in the company. The stock has a two hundred day moving average of C$48.91 and traded as high as C$51.64. ATCO shares last traded at C$51.00, with a volume of 177,568 shares changing hands.
Analysts Set New Price Targets
ACO.X has been the subject of several research analyst reports. CIBC increased their target price on ATCO from C$59.00 to C$62.00 in a research report on Friday, April 4th. Royal Bank Of Canada increased their target price on ATCO from C$51.00 to C$53.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th.
View Our Latest Stock Report on ACO.X
ATCO Price Performance
The firm has a market capitalization of C$5.09 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The firm has a 50 day moving average price of C$51.04 and a 200-day moving average price of C$48.91. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63.
About ATCO
(
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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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