ATCO (TSE:ACO.X) Price Target Cut to C$58.00 by Analysts at CIBC

ATCO (TSE:ACO.X) had its target price lowered by CIBC from C$59.00 to C$58.00 in a research note issued to investors on Friday,BayStreet.CA reports.

ACO.X has been the subject of a number of other research reports. Royal Bank of Canada upped their target price on shares of ATCO from C$50.00 to C$51.00 in a research report on Friday. National Bankshares raised their price objective on ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. BMO Capital Markets boosted their target price on ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. Finally, Scotiabank raised their price target on ATCO from C$45.00 to C$49.00 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$51.10.

ATCO Trading Down 1.3 %

TSE ACO.X opened at C$47.93 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. ATCO has a 12 month low of C$35.56 and a 12 month high of C$49.32. The business has a 50 day simple moving average of C$47.21. The stock has a market cap of C$4.78 billion, a PE ratio of 14.20, a PEG ratio of 3.80 and a beta of 0.74.

Insider Activity at ATCO

In related news, insider Sentgraf Enterprises Ltd. bought 1,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of C$45.65 per share, with a total value of C$45,650.00. In the last quarter, insiders acquired 12,000 shares of company stock valued at $569,150. Insiders own 0.61% of the company’s stock.

ATCO Company Profile

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.