ATCO Ltd. (TSE:ACO.X) Insider Sentgraf Enterprises Ltd. Acquires 59,200 Shares

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. acquired 59,200 shares of ATCO stock in a transaction that occurred on Friday, June 21st. The stock was bought at an average price of C$42.00 per share, with a total value of C$2,486,400.00.

ATCO Stock Performance

Shares of ACO.X opened at C$38.80 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.48 and a debt-to-equity ratio of 128.41. The stock has a market cap of C$3.87 billion, a P/E ratio of 10.60, a PEG ratio of 3.80 and a beta of 0.67. The company has a 50-day moving average of C$39.13 and a two-hundred day moving average of C$38.16. ATCO Ltd. has a 12-month low of C$32.90 and a 12-month high of C$41.17.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of ATCO from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. National Bankshares raised their price objective on shares of ATCO from C$38.00 to C$39.00 in a research note on Friday, May 3rd. CIBC raised their price objective on shares of ATCO from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. BMO Capital Markets raised their price objective on shares of ATCO from C$50.00 to C$50.50 in a research note on Friday, May 10th. Finally, Scotiabank lifted their target price on shares of ATCO from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$45.92.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.