Crius Energy Trust (TSE:KWH.UN)‘s stock had its “outperform” rating restated by analysts at National Bank Financial in a research report issued to clients and investors on Wednesday. They presently have a C$10.00 price objective on the stock.
Other research analysts also recently issued research reports about the company. Desjardins reiterated a “buy” rating and set a C$13.50 price target (down previously from C$14.00) on shares of Crius Energy Trust in a research note on Friday, August 12th. Scotiabank reiterated a “sector perform” rating and set a C$10.50 price target on shares of Crius Energy Trust in a research note on Wednesday, July 20th. Royal Bank Of Canada reiterated a “sector perform” rating and set a C$11.00 price target on shares of Crius Energy Trust in a research note on Wednesday, July 20th. Finally, Canaccord Genuity increased their price target on Crius Energy Trust from C$11.25 to C$12.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Crius Energy Trust presently has an average rating of “Buy” and an average target price of C$11.42.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.0632 per share. This is a boost from Crius Energy Trust’s previous monthly dividend of $0.06. The ex-dividend date is Thursday, October 27th. This represents a $0.76 dividend on an annualized basis and a yield of Infinity.
Crius Energy Trust Company Profile
Crius Energy Trust (the Trust) is a Canada-based open-ended limited purpose trust. The Trust has been established to provide investors with a distribution-producing investment through its 26.8% ownership interest in Crius Energy, LLC by the Trust’s indirect wholly owned subsidiary, Crius Energy Corporation (US Holdco).
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