ATCO Ltd. (TSE:ACO.X) Insider Purchases C$45,650.00 in Stock

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. purchased 1,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were acquired at an average cost of C$45.65 per share, for a total transaction of C$45,650.00.

Sentgraf Enterprises Ltd. also recently made the following trade(s):

• On Wednesday, September 25th, Sentgraf Enterprises Ltd. bought 10,000 shares of ATCO stock. The shares were acquired at an average price of C$47.50 per share, with a total value of C$475,000.00.

ATCO Trading Up 1.5 %

ACO.X stock opened at C$48.18 on Friday. The firm has a fifty day moving average price of C$44.02 and a 200 day moving average price of C$40.52. ATCO Ltd. has a fifty-two week low of C$32.90 and a fifty-two week high of C$48.40. The firm has a market cap of C$4.80 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 3.80 and a beta of 0.73. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ACO.X shares. Scotiabank upped their price target on ATCO from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. National Bankshares upped their target price on shares of ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. CIBC raised their target price on shares of ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. BMO Capital Markets boosted their price target on shares of ATCO from C$50.50 to C$52.50 in a research note on Thursday, September 5th. Finally, Royal Bank of Canada increased their price objective on shares of ATCO from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$48.08.

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.