Shares of ATCO Ltd. (TSE:ACO.X - Get Free Report) crossed above its 200-day moving average during trading on Wednesday after an insider bought additional shares in the company. The stock has a 200-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 traded.
Wall Street Analysts Forecast Growth
ACO.X has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on ATCO from C$51.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. TD Securities set a C$56.00 price objective on ATCO and gave the stock a "hold" rating in a research note on Friday. Finally, CIBC raised their price objective on ATCO from C$59.00 to C$62.00 in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$53.25.
Read Our Latest Research Report on ACO.X
ATCO Price Performance
The stock has a market cap of C$5.02 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 3.80 and a beta of 0.74. The company has a 50 day simple moving average of C$51.05 and a 200-day simple moving average of C$48.94. 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.
Further Reading
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