ATCO (TSE:ACO.X) Stock Price Expected to Rise, Scotiabank Analyst Says

ATCO (TSE:ACO.X) had its target price upped by analysts at Scotiabank from C$56.00 to C$61.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 11.44% from the stock’s current price.

A number of other equities research analysts have also weighed in on ACO.X. Royal Bank Of Canada raised their price objective on ATCO from C$53.00 to C$59.00 in a research note on Monday, November 10th. CIBC increased their target price on ATCO from C$64.00 to C$67.00 in a research note on Monday, November 10th. Finally, TD Securities lifted their price target on shares of ATCO from C$55.00 to C$57.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$61.00.

ATCO Trading Up 0.5%

Shares of TSE ACO.X traded up C$0.27 on Tuesday, reaching C$54.74. 65,491 shares of the company traded hands, compared to its average volume of 223,205. The stock has a market capitalization of C$6.14 billion, a PE ratio of 14.29, a P/E/G ratio of 3.80 and a beta of 0.38. ATCO has a fifty-two week low of C$44.42 and a fifty-two week high of C$57.09. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The company has a 50 day moving average of C$53.81 and a 200 day moving average of C$51.58.

About ATCO

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.