Algonquin Power & Utilities (TSE:AQN) had its target price upped by stock analysts at Raymond James Financial from C$16.00 to C$16.50 in a research note issued on Wednesday. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 28.40% from the company’s current price.
AQN has been the subject of a number of other research reports. National Bank Financial raised their price target on shares of Algonquin Power & Utilities from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. BMO Capital Markets cut their price target on shares of Algonquin Power & Utilities from C$16.00 to C$15.50 in a research note on Tuesday, February 6th. Finally, TD Securities cut their price target on shares of Algonquin Power & Utilities from C$16.00 to C$15.50 and set a “buy” rating for the company in a research note on Monday, March 5th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$15.63.
Algonquin Power & Utilities (TSE:AQN) traded down C$0.04 during mid-day trading on Wednesday, reaching C$12.85. The company had a trading volume of 684,426 shares, compared to its average volume of 1,287,958. Algonquin Power & Utilities has a fifty-two week low of C$12.45 and a fifty-two week high of C$14.40. The firm has a market capitalization of $4,990.00, a P/E ratio of 24.73 and a beta of 0.32.
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Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.
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