ATCO (TSE:ACO.X) Price Target Raised to C$67.00

ATCO (TSE:ACO.X) had its target price boosted by equities research analysts at CIBC from C$64.00 to C$67.00 in a report released on Monday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 20.18% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. TD Securities cut their target price on ATCO from C$56.00 to C$55.00 and set a “hold” rating on the stock in a research report on Friday, August 1st. Scotiabank raised their price objective on shares of ATCO from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada upped their target price on shares of ATCO from C$53.00 to C$59.00 in a report on Monday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$59.00.

ATCO Stock Up 1.0%

Shares of ACO.X traded up C$0.57 during midday trading on Monday, hitting C$55.75. The company had a trading volume of 115,324 shares, compared to its average volume of 218,917. The firm has a market capitalization of C$6.27 billion, a P/E ratio of 14.26, a P/E/G ratio of 3.80 and a beta of 0.37. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The company’s 50-day simple moving average is C$50.90 and its 200-day simple moving average is C$50.89. ATCO has a 1 year low of C$44.42 and a 1 year high of C$56.06.

ATCO Company Profile

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.