ATCO (TSE:ACO.X) Given New C$68.00 Price Target at CIBC

ATCO (TSE:ACO.X) had its price objective lifted by CIBC from C$67.00 to C$68.00 in a report published on Wednesday morning,BayStreet.CA reports.

ACO.X has been the subject of several other research reports. TD Securities raised their price target on shares of ATCO from C$55.00 to C$57.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Scotiabank lifted their target price on ATCO from C$56.00 to C$61.00 in a report on Tuesday. Finally, Royal Bank Of Canada boosted their target price on ATCO from C$53.00 to C$59.00 in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, ATCO has a consensus rating of “Hold” and a consensus price target of C$59.80.

ATCO Trading Up 1.4%

TSE ACO.X opened at C$55.64 on Wednesday. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The firm has a market cap of C$6.24 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 3.80 and a beta of 0.38. The firm has a 50 day simple moving average of C$53.99 and a 200-day simple moving average of C$51.63. ATCO has a one year low of C$44.42 and a one year high of C$57.09.

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.