ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) had its target price lowered by UBS Group from C$59.00 to C$56.00 in a report issued on Friday, BayStreet.CA reports. UBS Group’s price objective points to a potential upside of 12.99% from the stock’s previous close.
Several other analysts have also recently commented on the company. BMO Capital Markets boosted their price target on ATCO LTD -CLASS I Common Stock (US funds) from C$48.00 to C$50.00 in a research report on Monday, September 9th. CIBC boosted their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$48.00 to C$50.00 in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 19th. Finally, TD Securities boosted their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.
Shares of ACO.X traded down C$0.33 during trading hours on Friday, hitting C$49.56. 212,518 shares of the stock were exchanged, compared to its average volume of 129,315. The company has a debt-to-equity ratio of 122.98, a quick ratio of 0.72 and a current ratio of 1.53. ATCO LTD -CLASS I Common Stock has a 12-month low of C$36.63 and a 12-month high of C$49.45. The company has a market cap of $5.03 billion and a price-to-earnings ratio of 17.33. The stock’s 50-day moving average price is C$48.11 and its two-hundred day moving average price is C$46.16.
In related news, insider Sentgraf Enterprises Ltd. acquired 41,100 shares of the stock in a transaction on Friday, August 16th. The shares were bought at an average price of C$45.56 per share, with a total value of C$1,872,331.05. Following the completion of the purchase, the insider now owns 26,018,736 shares of the company’s stock, valued at approximately C$1,185,296,527.85. Insiders have acquired 60,100 shares of company stock worth $2,756,637 in the last three months.
ATCO LTD -CLASS I Common Stock (US funds) Company Profile
ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses in Canada, Australia, and internationally. The company operates through Canadian Utilities Limited, Structures & Logistics, Neltume Ports, and Corporate & Other segments. The Canadian Utilities Limited segment provides electricity services, such as electricity generation, transmission, distribution, and other related infrastructure solutions; and pipelines and liquid services that include integrated natural gas transmission, distribution and storage, industrial water solutions, and related infrastructure development, as well as retails natural gas and electricity.
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