Shares of ATCO Ltd. (TSE:ACO.X – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$48.08.
Several research analysts have recently commented on the company. BMO Capital Markets lifted their price target on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Scotiabank lifted their target price on shares of ATCO from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Royal Bank of Canada increased their price target on shares of ATCO from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 6th. National Bankshares lifted their price target on shares of ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Finally, CIBC increased their price objective on ATCO from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th.
Read Our Latest Report on ATCO
ATCO Stock Up 0.7 %
Insiders Place Their Bets
In related news, Senior Officer James Landon sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$43.56, for a total transaction of C$56,628.00. In other ATCO news, Senior Officer James Landon sold 1,300 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$43.56, for a total transaction of C$56,628.00. Also, insider Sentgraf Enterprises Ltd. purchased 59,200 shares of the firm’s stock in a transaction 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. Insiders have sold 2,009 shares of company stock worth $86,996 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.
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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