UBS Group Boosts ATCO (TSE:ACO.X) Price Target to C$49.00

ATCO (TSE:ACO.X) had its target price boosted by UBS Group from C$47.00 to C$49.00 in a report released on Tuesday, Price Targets.com reports. UBS Group currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada boosted their price objective on shares of ATCO from C$46.00 to C$47.00 and gave the company an outperform rating in a research report on Friday, July 30th. National Bank Financial increased their price objective on shares of ATCO to C$46.00 and gave the company a sector perform rating in a research note on Monday, November 1st. CSFB upgraded shares of ATCO from a neutral rating to an outperform rating and increased their price objective for the company from C$47.00 to C$48.00 in a research note on Thursday, November 18th. Credit Suisse Group raised shares of ATCO to a buy rating and set a C$47.00 target price on the stock in a report on Wednesday, November 17th. Finally, BMO Capital Markets increased their price objective on shares of ATCO from C$48.00 to C$48.50 and gave the stock an outperform rating in a report on Friday, October 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of C$48.28.

Shares of ACO.X stock opened at C$41.96 on Tuesday. ATCO has a 52 week low of C$35.68 and a 52 week high of C$46.19. The firm has a 50 day moving average of C$41.27 and a two-hundred day moving average of C$42.82. The stock has a market capitalization of C$4.80 billion and a PE ratio of 22.56. The company has a quick ratio of 1.31, a current ratio of 1.59 and a debt-to-equity ratio of 131.25.

In related news, insider Sentgraf Enterprises Ltd. bought 3,750 shares of ATCO stock in a transaction dated Monday, November 15th. The shares were bought at an average cost of C$41.10 per share, with a total value of C$154,125.00. Following the acquisition, the insider now owns 26,356,586 shares in the company, valued at approximately C$1,083,255,684.60.

About ATCO

ATCO Ltd., together with its subsidiaries, provides housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company offers workforce and residential housing; modular facilities; construction and site support; workforce lodging; facility operations and maintenance; defense operations; and disaster and emergency management services.

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Analyst Recommendations for ATCO (TSE:ACO.X)

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