Algonquin Power & Utilities Corp Price Target Increased to C$9.00 by Analysts at CIBC (AQN)
Stock analysts at CIBC upped their price target on shares of Algonquin Power & Utilities Corp (TSE:AQN) from C$8.25 to C$9.00 in a report issued on Friday. CIBC’s price target indicates a potential upside of 1.35% from the stock’s previous close.
Shares of Algonquin Power & Utilities Corp (TSE:AQN) opened at 8.88 on Friday. Algonquin Power & Utilities Corp has a one year low of $5.96 and a one year high of $8.97. The stock’s 50-day moving average is $8.23 and its 200-day moving average is $7.89. The company has a market cap of $1.837 billion and a price-to-earnings ratio of 28.65.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders 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 3.94%.
A number of other firms have also recently commented on AQN. Analysts at TD Securities raised their price target on shares of Algonquin Power & Utilities Corp from C$9.00 to C$9.50 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Algonquin Power & Utilities Corp from C$8.00 to C$8.50 in a research note on Monday. Finally, 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, August 15th. Three equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$9.17.
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.
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