ATCO (TSE:ACO.X) Price Target Raised to C$69.00 at CIBC

ATCO (TSE:ACO.X) had its price target lifted by CIBC from C$68.00 to C$69.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the stock. TD Securities boosted their target price on shares of ATCO from C$55.00 to C$57.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. National Bankshares boosted their price objective on ATCO from C$51.00 to C$54.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Scotiabank increased their target price on ATCO from C$56.00 to C$61.00 in a report on Tuesday, December 16th. Finally, Royal Bank Of Canada boosted their price target on ATCO from C$53.00 to C$59.00 in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, ATCO currently has an average rating of “Hold” and an average target price of C$60.00.

ATCO Stock Down 1.8%

ACO.X stock opened at C$57.75 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The firm has a 50 day simple moving average of C$55.66 and a 200-day simple moving average of C$52.61. The company has a market capitalization of C$6.47 billion, a P/E ratio of 15.08, a PEG ratio of 3.80 and a beta of 0.38. ATCO has a twelve month low of C$44.42 and a twelve month high of C$58.93.

About ATCO

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. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.