Algonquin Power & Utilities (TSE:AQN)‘s stock had its “outperform” rating reaffirmed by BMO Capital Markets in a research report issued to clients and investors on Wednesday. They currently have a C$16.00 target price on the stock. BMO Capital Markets’ price target points to a potential upside of 12.91% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. CIBC raised their target price on shares of Algonquin Power & Utilities from C$15.50 to C$16.00 in a research note on Monday, November 13th. Desjardins raised their target price on shares of Algonquin Power & Utilities from C$15.25 to C$16.00 in a research note on Monday, November 13th. TD Securities lifted their price objective on shares of Algonquin Power & Utilities from C$15.00 to C$16.00 in a research note on Tuesday, October 24th. National Bank Financial lifted their price objective 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. Finally, Royal Bank Of Canada lifted their price objective on shares of Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Algonquin Power & Utilities presently has a consensus rating of “Buy” and a consensus target price of C$15.33.

Algonquin Power & Utilities (TSE:AQN) traded up C$0.26 on Wednesday, reaching C$14.17. 348,358 shares of the company traded hands, compared to its average volume of 1,039,397. Algonquin Power & Utilities has a 52 week low of C$10.88 and a 52 week high of C$14.40.

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Algonquin Power & Utilities Company Profile

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.

Analyst Recommendations for Algonquin Power & Utilities (TSE:AQN)

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