Algonquin Power & Utilities (AQN) Price Target Increased to C$16.50 by Analysts at Raymond James Financial

Algonquin Power & Utilities (TSE:AQN) had its target price boosted by investment analysts at Raymond James Financial from C$16.00 to C$16.50 in a research note issued on Wednesday. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 28.30% from the stock’s previous close.

Several other research firms have also recently commented on AQN. National Bank Financial boosted their price target on 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 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 Algonquin Power & Utilities from C$16.00 to C$15.50 and set a “buy” rating on the stock in a research note on Monday, March 5th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$15.63.

Algonquin Power & Utilities (AQN) traded down C$0.03 during trading hours on Wednesday, hitting C$12.86. The company had a trading volume of 1,272,130 shares, compared to its average volume of 1,299,668. 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 $4,980.00, a PE ratio of 24.73 and a beta of 0.32.

TRADEMARK VIOLATION NOTICE: This article was posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at

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)

Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with's FREE daily email newsletter.

Leave a Reply