ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) Given New C$51.00 Price Target at CIBC

ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) had its price objective raised by CIBC from C$50.00 to C$51.00 in a report released on Wednesday, BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. TD Securities raised their target price on shares of ATCO LTD -CLASS I Common Stock (US funds) from C$55.00 to C$56.00 and gave the company a buy rating in a research report on Friday, November 1st. UBS Group decreased their target price on shares of ATCO LTD -CLASS I Common Stock (US funds) from C$59.00 to C$56.00 in a research report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on shares of ATCO LTD -CLASS I Common Stock (US funds) from C$48.00 to C$50.00 and gave the company a sector perform rating in a research report on Thursday, September 19th.

ATCO LTD -CLASS I Common Stock (US funds) stock traded up C$0.30 during mid-day trading on Wednesday, reaching C$50.62. The company’s stock had a trading volume of 42,526 shares, compared to its average volume of 129,315. The company has a market capitalization of $5.15 billion and a price-to-earnings ratio of 10.27. ATCO LTD -CLASS I Common Stock has a 12 month low of C$39.33 and a 12 month high of C$51.29. The business’s 50 day simple moving average is C$50.09 and its 200 day simple moving average is C$47.65. The company has a debt-to-equity ratio of 123.10, a quick ratio of 0.72 and a current ratio of 1.53.

In other ATCO LTD -CLASS I Common Stock (US funds) news, Director George J. Lidgett sold 1,200 shares of ATCO LTD -CLASS I Common Stock (US funds) stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$49.84, for a total value of C$59,808.00. Following the completion of the sale, the director now owns 16,392 shares in the company, valued at approximately C$816,977.28. Also, Director Siegfried W. Kiefer sold 5,000 shares of ATCO LTD -CLASS I Common Stock (US funds) stock in a transaction dated Sunday, December 15th. The stock was sold at an average price of C$50.40, for a total transaction of C$252,000.00. Following the completion of the sale, the director now owns 31,439 shares of the company’s stock, valued at approximately C$1,584,525.60.

ATCO LTD -CLASS I Common Stock (US funds) Company Profile

ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses in Canada, Australia, and internationally. The company operates through Canadian Utilities Limited, Structures & Logistics, Neltume Ports, and Corporate & Other segments. The Canadian Utilities Limited segment provides electricity services, such as electricity generation, transmission, distribution, and other related infrastructure solutions; and pipelines and liquid services that include integrated natural gas transmission, distribution and storage, industrial water solutions, and related infrastructure development, as well as retails natural gas and electricity.

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