ATCO (TSE:ACO.X – Get Free Report) had its target price lowered by CIBC from C$49.00 to C$48.00 in a report released on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 31.26% from the company’s previous close.
ACO.X has been the subject of a number of other research reports. Royal Bank of Canada lifted their price objective on shares of ATCO from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. BMO Capital Markets lifted their price objective on shares of ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, Scotiabank downgraded shares of ATCO from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$46.00 to C$43.00 in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, ATCO has an average rating of “Moderate Buy” and an average target price of C$45.33.
View Our Latest Research Report on ATCO
ATCO Stock Up 1.0 %
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.
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