ATCO (TSE:ACO.X) Price Target Raised to C$55.00 at Scotiabank

ATCO (TSE:ACO.X) had its price target upped by Scotiabank from C$54.00 to C$55.00 in a report published on Monday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, TD Securities dropped their price objective on ATCO from C$56.00 to C$55.00 and set a “hold” rating on the stock in a research note on Friday, August 1st. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATCO presently has an average rating of “Hold” and an average price target of C$56.25.

ATCO Stock Performance

ACO.X stock opened at C$50.55 on Monday. The business’s fifty day moving average is C$49.93 and its 200-day moving average is C$50.34. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The company has a market cap of C$5.69 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 3.80 and a beta of 0.35. ATCO has a twelve month low of C$44.42 and a twelve month high of C$52.48.

ATCO Company Profile

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.