Royal Bank of Canada Boosts ATCO (TSE:ACO.X) Price Target to C$51.00

ATCO (TSE:ACO.X) had its price objective boosted by Royal Bank of Canada from C$50.00 to C$51.00 in a research note published on Friday morning,BayStreet.CA reports.

ACO.X has been the topic of several other research reports. National Bankshares lifted their price objective on shares of ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Scotiabank lifted their price target on shares of ATCO from C$45.00 to C$49.00 in a report on Friday. BMO Capital Markets increased their price objective on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Finally, CIBC boosted their target price on ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, ATCO has an average rating of “Hold” and a consensus target price of C$51.10.

ATCO Price Performance

TSE ACO.X opened at C$47.93 on Friday. The business’s fifty day simple moving average is C$47.21. 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 company has a market cap of C$4.78 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. ATCO has a one year low of C$35.56 and a one year high of C$49.32.

Insider Buying and Selling at ATCO

In other news, insider Sentgraf Enterprises Ltd. purchased 1,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were purchased at an average cost of C$45.65 per share, with a total value of C$45,650.00. Insiders have acquired 12,000 shares of company stock valued at $569,150 in the last 90 days. 0.61% of the stock is currently owned by company insiders.

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.