ATCO (TSE:ACO.X) Given New C$45.00 Price Target at Royal Bank of Canada

ATCO (TSE:ACO.XFree Report) had its price target lowered by Royal Bank of Canada from C$49.00 to C$45.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research firms have also weighed in on ACO.X. BMO Capital Markets cut their target price on shares of ATCO from C$51.00 to C$50.00 and set an outperform rating for the company in a research report on Friday. TD Securities dropped their price target on shares of ATCO from C$51.00 to C$50.00 and set a buy rating for the company in a research report on Friday, July 28th. Finally, CIBC cut their price objective on ATCO from C$53.00 to C$51.00 and set an outperform rating for the company in a report on Friday, July 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from, the stock currently has an average rating of Moderate Buy and an average target price of C$48.63.

View Our Latest Stock Analysis on ATCO

ATCO Trading Down 0.5 %

ATCO stock opened at C$36.12 on Monday. The company’s fifty day simple moving average is C$37.75 and its 200-day simple moving average is C$40.87. The company has a quick ratio of 1.48, a current ratio of 1.59 and a debt-to-equity ratio of 127.71. ATCO has a 12 month low of C$36.07 and a 12 month high of C$48.10. The stock has a market cap of C$3.65 billion, a P/E ratio of 10.32, a P/E/G ratio of 3.80 and a beta of 0.68.

About ATCO

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ATCO Ltd., together with its subsidiaries, engages in the provision of housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company offers workforce and residential housing, modular facilities, construction and site support, workforce lodging, facility operations and maintenance, defense operations, and disaster and emergency management services.

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