ATCO (TSE:ACO.X – Get Free Report) had its target price decreased by equities research analysts at TD Securities from C$50.00 to C$48.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 37.85% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Scotiabank lowered their price target on ATCO from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Monday, October 16th. BMO Capital Markets reduced their price objective on ATCO from C$50.00 to C$48.00 in a report on Friday. National Bankshares boosted their price objective on ATCO from C$37.00 to C$38.00 in a report on Friday. Royal Bank of Canada reduced their price objective on ATCO from C$49.00 to C$45.00 and set a “sector perform” rating for the company in a report on Monday, September 11th. Finally, CIBC reduced their price objective on ATCO from C$50.00 to C$47.00 and set an “outperform” rating for the company in a report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, ATCO has a consensus rating of “Moderate Buy” and an average price target of C$45.86.
ATCO Price Performance
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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