ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) Sets New 12-Month High at $50.49

Shares of ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) hit a new 52-week high during trading on Tuesday . The company traded as high as C$50.49 and last traded at C$50.46, with a volume of 55882 shares trading hands. The stock had previously closed at C$50.00.

A number of equities analysts have recently commented on 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 note on Friday, November 1st. BMO Capital Markets upped their price target on shares of ATCO LTD -CLASS I Common Stock (US funds) from C$48.00 to C$50.00 in a research report on Monday, September 9th. Royal Bank of Canada increased their price target on 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 report on Thursday, September 19th. CIBC raised their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$48.00 to C$50.00 in a research report on Wednesday, October 23rd. Finally, UBS Group cut their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$59.00 to C$56.00 in a research report on Friday, November 8th.

The firm has a fifty day moving average of C$48.68 and a 200 day moving average of C$46.65. The firm has a market capitalization of $5.10 billion and a PE ratio of 10.24. 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 news, Director George J. Lidgett sold 1,200 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$49.84, for a total transaction of C$59,808.00. Following the transaction, the director now directly owns 16,392 shares of the company’s stock, valued at C$816,977.28.

About ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X)

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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