Shares of ATCO Ltd. (TSE:ACO.X – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$42.56 and last traded at C$42.43, with a volume of 35684 shares. The stock had previously closed at C$42.13.
Analysts Set New Price Targets
Several analysts have commented on the stock. CIBC raised their target price on shares of ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. National Bankshares raised their target price on shares of ATCO from C$38.00 to C$39.00 in a report on Friday, May 3rd. BMO Capital Markets raised their target price on shares of ATCO from C$50.00 to C$50.50 in a report on Friday, May 10th. Finally, Scotiabank raised their target price on shares of ATCO from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating and three 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$45.92.
Read Our Latest Research Report on ACO.X
ATCO Stock Up 1.2 %
Insider Activity
In other news, insider Sentgraf Enterprises Ltd. bought 59,200 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average cost of C$42.00 per share, with a total value of C$2,486,400.00. 0.61% of the stock is owned by corporate insiders.
About ATCO
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.
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