Share on StockTwits

Equities research analysts at National Bank Financial lifted their price target on shares of Algonquin Power & Utilities Corp (TSE:AQN) from C$8.00 to C$8.50 in a research note issued to investors on Monday. National Bank Financial’s price target would suggest a potential downside of 0.23% from the company’s current price.

Shares of Algonquin Power & Utilities Corp (TSE:AQN) traded up 3.52% on Monday, hitting $8.82. The stock had a trading volume of 158,354 shares. Algonquin Power & Utilities Corp has a one year low of $5.96 and a one year high of $8.56. The stock’s 50-day moving average is $8.15 and its 200-day moving average is $7.84. The company has a market cap of $1.825 billion and a P/E ratio of 56.80.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.11%.

AQN has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Algonquin Power & Utilities Corp to C$10.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$9.10.

Algonquin Power & Utilities Corp. (TSE:AQN) is engaged in ownership of power generation facilities and water, gas and energy utilities, through investments in securities of subsidiaries, including companies, limited partnerships and trusts.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.