ATCO Ltd. (TSE:ACO.X - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$49.00 and traded as high as C$50.77. ATCO shares last traded at C$50.66, with a volume of 80,732 shares traded.
Analysts Set New Price Targets
Several research analysts recently commented on ACO.X shares. Royal Bank Of Canada lifted their price target 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. TD Securities set a C$56.00 price target on shares of ATCO and gave the company a "hold" rating in a research note on Friday, June 27th. Finally, CIBC lifted their price target on shares of ATCO from C$59.00 to C$62.00 in a research note on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$53.25.
View Our Latest Analysis on ACO.X
ATCO Stock Down 0.2%
The stock has a market capitalization of C$5.04 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The business's fifty day moving average price is C$51.09 and its two-hundred day moving average price is C$49.04.
Insider Activity
In other ATCO news, insider Sentgraf Enterprises Ltd. purchased 7,407 shares of the stock in a transaction on Monday, June 9th. The shares were bought at an average cost of C$50.55 per share, with a total value of C$374,423.85. Also, Senior Officer Rebecca M. Kalmacoff sold 1,500 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of C$51.40, for a total transaction of C$77,100.00. Insiders have sold 2,357 shares of company stock valued at $121,090 over the last ninety days. 0.61% of the stock is currently owned by insiders.
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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