ATCO (TSE:ACO.X) Price Target Raised to C$59.00

ATCO (TSE:ACO.X) had its target price raised by stock analysts at Royal Bank Of Canada from C$53.00 to C$59.00 in a research note issued on Monday,BayStreet.CA reports. Royal Bank Of Canada’s price objective would suggest a potential upside of 5.83% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. TD Securities decreased their price target on ATCO from C$56.00 to C$55.00 and set a “hold” rating for the company in a research note on Friday, August 1st. Scotiabank increased their price objective on ATCO from C$54.00 to C$55.00 and gave the company a “sector perform” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$59.00.

ATCO Stock Up 1.0%

Shares of TSE ACO.X traded up C$0.57 during mid-day trading on Monday, hitting C$55.75. The company had a trading volume of 115,324 shares, compared to its average volume of 218,917. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The firm has a 50-day simple moving average of C$50.90 and a two-hundred day simple moving average of C$50.89. The company has a market capitalization of C$6.27 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.37. ATCO has a one year low of C$44.42 and a one year high of C$56.06.

About ATCO

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.