Royal Bank Boosts ATCO Price Target to C$80.00

A major Canadian holding company, ATCO (TSE:ACO.X), has seen its price target raised by Royal Bank Of Canada from C$71.00 to C$80.00 in a recent research note.

This new target suggests a potential downside of 1.11% from the stock's current price of C$80.90, which is currently trading up 3.3%.

Royal Bank Of Canada has given ATCO a 'sector perform' rating, but other analysts have also weighed in on the company's value, with Canadian Imperial Bank of Commerce raising their target price from C$85.00 to C$88.00 and Scotiabank increasing theirs from C$70.00 to C$79.00.