ATCO (TSE:ACO.X) Price Target Raised to C$61.00

ATCO (TSE:ACO.X) had its price objective increased by Scotiabank from C$56.00 to C$61.00 in a research report released on Tuesday morning,BayStreet.CA reports.

ACO.X has been the topic of a number of other reports. CIBC increased their target price on shares of ATCO from C$64.00 to C$67.00 in a report on Monday, November 10th. TD Securities increased their price objective 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. Finally, Royal Bank Of Canada lifted their target price on ATCO from C$53.00 to C$59.00 in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$59.80.

ATCO Price Performance

ACO.X stock opened at C$55.57 on Tuesday. The stock has a market capitalization of C$6.23 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 3.80 and a beta of 0.38. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. ATCO has a 52-week low of C$44.42 and a 52-week high of C$57.09. The stock’s fifty day simple moving average is C$54.09 and its 200-day simple moving average is C$51.66.

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.