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.
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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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