ATCO Ltd. (TSE:ACO.X - Get Free Report) Senior Officer James Armstrong sold 781 shares of ATCO stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$51.40, for a total transaction of C$40,143.40. Following the completion of the transaction, the insider now directly owns 101 shares in the company, valued at C$5,191.40. This represents a 88.55 % decrease in their ownership of the stock.
ATCO Trading Down 0.6 %
Shares of ACO.X traded down C$0.33 during midday trading on Friday, reaching C$50.69. The company had a trading volume of 122,313 shares, compared to its average volume of 220,012. The firm has a 50 day simple moving average of C$49.49 and a 200-day simple moving average of C$48.31. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The stock has a market cap of C$5.06 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. ATCO Ltd. has a 1-year low of C$38.13 and a 1-year high of C$52.23.
Analyst Upgrades and Downgrades
A number of research firms have commented on ACO.X. Scotiabank increased their price target on ATCO from C$49.00 to C$51.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Royal Bank of Canada lifted their target price on shares of ATCO from C$51.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Thursday. Finally, CIBC raised their price target on shares of ATCO from C$59.00 to C$62.00 in a report on Friday, April 4th.
Read Our Latest Research Report on ACO.X
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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