Scotiabank Cuts ATCO (TSE:ACO.X) Price Target to C$41.00

ATCO (TSE:ACO.X) had its price objective lowered by Scotiabank from C$43.00 to C$41.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

ACO.X has been the subject of several other reports. Royal Bank of Canada boosted their price objective on shares of ATCO from C$45.00 to C$46.00 and gave the company a sector perform rating in a research report on Friday, March 1st. BMO Capital Markets boosted their price target on ATCO from C$48.00 to C$49.00 and gave the company an outperform rating in a report on Friday, March 1st. Finally, CIBC dropped their price objective on ATCO from C$49.00 to C$48.00 and set an outperform rating on the stock in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$45.00.

ATCO Trading Up 0.3 %

TSE ACO.X opened at C$36.87 on Monday. The stock has a market cap of C$3.68 billion, a PE ratio of 9.65, a PEG ratio of 3.80 and a beta of 0.68. ATCO has a 12 month low of C$32.90 and a 12 month high of C$45.59. The company’s 50-day moving average price is C$37.34 and its 200-day moving average price is C$37.25. The company has a current ratio of 1.14, a quick ratio of 1.48 and a debt-to-equity ratio of 131.44.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.