ATCO (TSE:ACO.X – Free Report) had its price target increased by BMO Capital Markets from C$50.50 to C$52.50 in a research note published on Thursday, BayStreet.CA reports.
ACO.X has been the subject of a number of other reports. National Bankshares upped their price objective on ATCO from C$40.00 to C$45.00 and gave the stock a sector perform rating in a research note on Friday, August 23rd. CIBC increased their price target on shares of ATCO from C$49.00 to C$51.00 and gave the company an outperform rating in a research report on Tuesday, August 6th. Royal Bank of Canada lifted their price objective on shares of ATCO from C$46.00 to C$47.00 and gave the stock a sector perform rating in a research report on Tuesday, August 6th. Finally, Scotiabank boosted their price objective on shares of ATCO from C$43.00 to C$45.00 and gave the stock a sector perform rating in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$48.08.
Read Our Latest Analysis on ACO.X
ATCO Stock Performance
Insider Activity
In other ATCO news, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were acquired at an average cost of C$42.00 per share, with a total value of C$2,486,400.00. In related news, Senior Officer James Landon sold 1,300 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$43.56, for a total transaction of C$56,628.00. Also, insider Sentgraf Enterprises Ltd. purchased 59,200 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average cost of C$42.00 per share, for a total transaction of C$2,486,400.00. Insiders have sold 2,009 shares of company stock valued at $86,996 in the last ninety days. Insiders own 0.61% of the company’s stock.
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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