ATCO Ltd. (TSE:ACO.X – Get Free Report)’s stock price hit a new 52-week low on Tuesday after Royal Bank of Canada lowered their price target on the stock from C$49.00 to C$45.00. Royal Bank of Canada currently has a sector perform rating on the stock. ATCO traded as low as C$35.97 and last traded at C$35.97, with a volume of 13864 shares traded. The stock had previously closed at C$36.12.
A number of other equities analysts have also commented on ACO.X. CIBC cut their price objective on shares of ATCO from C$53.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, July 21st. BMO Capital Markets decreased their price target on shares of ATCO from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Friday, September 8th. Finally, TD Securities decreased their target price on shares of ATCO from C$51.00 to C$50.00 and set a “buy” rating on the stock in a research note on Friday, July 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, ATCO presently has an average rating of “Moderate Buy” and an average price target of C$48.63.
ATCO Stock Up 0.2 %
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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