ATCO Ltd. (TSE:ACO.X – Get Free Report) Director Dawn Lorraine Farrell bought 10,550 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was acquired at an average cost of C$47.36 per share, with a total value of C$499,689.15.
ATCO Stock Performance
ATCO stock traded up C$0.75 during midday trading on Tuesday, hitting C$47.40. The stock had a trading volume of 69,576 shares, compared to its average volume of 155,628. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. ATCO Ltd. has a 52-week low of C$35.56 and a 52-week high of C$50.67. The company has a market capitalization of C$4.73 billion, a PE ratio of 13.86, a P/E/G ratio of 3.80 and a beta of 0.74. The firm’s fifty day moving average is C$48.12 and its two-hundred day moving average is C$45.04.
Analysts Set New Price Targets
Several brokerages recently issued reports on ACO.X. Royal Bank of Canada raised their target price on shares of ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. Scotiabank raised their price objective on shares of ATCO from C$45.00 to C$49.00 in a report on Friday, November 15th. Finally, CIBC reduced their target price on shares of ATCO from C$59.00 to C$58.00 in a report on Friday, November 15th. Three equities research 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, the company has an average rating of “Hold” and a consensus price target of C$51.10.
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.
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