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Atco Ltd
Symbol ACO
Shares Issued 100,956,917
Close 2026-05-08 C$ 68.13
Market Cap C$ 6,878,194,755
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Globe says RBC's Choy keeps Atco at "sector perform"

2026-05-08 07:06 ET - In the News

The Globe and Mail reports in its Friday, May 8, edition that RBC Capital Markets analyst Maurice Choy is sticking with his "sector perform" recommendation for Atco. The Globe's David Leeder writes in the Eye On Equities column that Mr. Choy gave his share target a $5 boost to $71. Analysts on average target the shares at $70.20. Mr. Choy says in a note: "Beyond the in line Q1/26 results, we see favourable trends across all three of Atco's chosen sectors: energy, housing, and defence. Not only does its stake in Canadian Utilities offer a competitive 7-per-cent rate base CAGR on an equity self-funded basis, S&L's recent and upcoming contract wins, plus the seemingly accelerating pipeline of opportunities, suggest an outsized and diversified runway of growth ahead. While we remain neutral on the stock, we view Atco's stock as being the more attractive way to gain exposure to Canadian Utilities, with an additional torque into housing and defence-related themes across North America." The Globe reported on Nov. 11 that Mr. Choy continued to rate Atco "sector perform." It was then worth $55.60. The Globe reported on March 3 that National Bank's Patrick Kenny continued to rate Atco "sector perform." It was then worth $65.41.

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