ATCO (TSE:ACO.X – Get Free Report) had its price target upped by analysts at National Bankshares from C$40.00 to C$45.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 0.25% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Scotiabank boosted their target price on ATCO from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Royal Bank of Canada boosted their price target on shares of ATCO from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 6th. CIBC increased their price objective on shares of ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets lifted their target price on shares of ATCO from C$50.00 to C$50.50 in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$47.75.
Check Out Our Latest Stock Analysis on ATCO
ATCO Price Performance
Insider Activity at ATCO
In other ATCO news, Senior Officer James Landon sold 1,300 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$43.56, for a total transaction of C$56,628.00. In related news, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of ATCO stock in a transaction dated Friday, June 21st. The shares were purchased at an average cost of C$42.00 per share, with a total value of C$2,486,400.00. Also, Senior Officer James Landon sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$43.56, for a total value of C$56,628.00. 0.61% of the stock is owned by company insiders.
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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