Insider Selling: ATCO Ltd. (TSE:ACO.X) Senior Officer Sells 400 Shares of Stock

ATCO Ltd. (TSE:ACO.X) Senior Officer P. Derek Cook sold 400 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$47.86, for a total value of C$19,144.00.

ATCO Trading Up 0.5 %

Shares of ACO.X stock opened at C$48.17 on Thursday. 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 stock has a market cap of C$4.80 billion, a P/E ratio of 14.08, a P/E/G ratio of 3.80 and a beta of 0.74. ATCO Ltd. has a fifty-two week low of C$35.56 and a fifty-two week high of C$50.67. The business has a fifty day simple moving average of C$47.14 and a 200-day simple moving average of C$47.11.

Analysts Set New Price Targets

ACO.X has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on ATCO from C$50.00 to C$51.00 in a research report on Friday, November 15th. CIBC raised their price target on ATCO from C$58.00 to C$59.00 in a research report on Friday, February 28th. Finally, Scotiabank raised their price target on ATCO from C$49.00 to C$51.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, ATCO presently has an average rating of “Hold” and a consensus price target of C$51.70.

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.