P. Derek Cook Sells 500 Shares of ATCO Ltd. (TSE:ACO.X) Stock

ATCO Ltd. (TSE:ACO.X) Senior Officer P. Derek Cook sold 500 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$48.80, for a total value of C$24,400.00.

P. Derek Cook also recently made the following trade(s):

• On Monday, March 3rd, P. Derek Cook sold 400 shares of ATCO stock. The stock was sold at an average price of C$47.86, for a total value of C$19,144.00.

ATCO Price Performance

Shares of ATCO stock opened at C$49.94 on Friday. The stock has a 50 day moving average price of C$47.62 and a 200-day moving average price of C$47.59. ATCO Ltd. has a one year low of C$35.56 and a one year high of C$50.67. The stock has a market cap of C$4.98 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

Analysts Set New Price Targets

A number of research firms recently weighed in on ACO.X. CIBC raised their target price on shares of ATCO from C$58.00 to C$59.00 in a report on Friday, February 28th. Scotiabank lifted their price objective on shares of ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$51.70.

ATCO Company Profile

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.