ATCO (TSE:ACO.X – Free Report) had its target price reduced by Scotiabank from C$43.00 to C$41.00 in a report released on Monday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.
Other equities analysts also recently issued research reports about the company. BMO Capital Markets increased their price objective on ATCO from C$48.00 to C$49.00 and gave the stock an outperform rating in a report on Friday, March 1st. Royal Bank of Canada increased their price target on shares of ATCO from C$45.00 to C$46.00 and gave the stock a sector perform rating in a research note on Friday, March 1st. Finally, CIBC dropped their price objective on shares of ATCO from C$49.00 to C$48.00 and set an outperform rating on the stock in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of C$45.00.
Check Out Our Latest Stock Analysis on ATCO
ATCO Stock Performance
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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