ATCO Ltd. (TSE:ACO.X – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$38.21 and traded as high as C$39.27. ATCO shares last traded at C$38.76, with a volume of 126,591 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on ACO.X. CIBC boosted their price objective on ATCO from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. National Bankshares boosted their price target on ATCO from C$38.00 to C$39.00 in a research report on Friday, May 3rd. Scotiabank boosted their price target on ATCO from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. Finally, BMO Capital Markets boosted their price target on ATCO from C$50.00 to C$50.50 in a research report on Friday, May 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$45.92.
View Our Latest Report on ACO.X
ATCO Stock Down 0.6 %
Insider Transactions at ATCO
In other ATCO news, insider Sentgraf Enterprises Ltd. purchased 59,200 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average cost of C$42.00 per share, with a total value of C$2,486,400.00. 0.61% of the stock is owned by insiders.
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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