ATCO (TSE:ACO.X – Get Free Report) had its price objective boosted by stock analysts at BMO Capital Markets from C$49.00 to C$50.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 32.28% from the company’s current price.
A number of other brokerages have also recently issued reports on ACO.X. Scotiabank reduced their target price on shares of ATCO from C$43.00 to C$41.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. CIBC boosted their price objective on shares of ATCO from C$48.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday. National Bankshares increased their target price on shares of ATCO from C$38.00 to C$39.00 in a research report on Friday. Finally, Royal Bank of Canada lifted their price target on shares of ATCO from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$45.50.
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ATCO Stock Performance
ATCO Company Profile
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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