Brokerages Set Algonquin Power & Utilities Corp (AQN) Target Price at $15.17

Algonquin Power & Utilities Corp (TSE:AQN) has been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$15.17.

Several research firms recently weighed in on AQN. National Bank Financial dropped their target price on shares of Algonquin Power & Utilities from C$16.50 to C$15.50 and set an “outperform” rating for the company in a report on Wednesday, February 7th. BMO Capital Markets dropped their target price on shares of Algonquin Power & Utilities from C$16.00 to C$15.50 in a report on Tuesday, February 6th. Royal Bank of Canada lifted their target price on shares of Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Monday, November 13th. Scotiabank restated an “outperform” rating and issued a C$15.50 price target on shares of Algonquin Power & Utilities in a research note on Monday, November 13th. Finally, CIBC boosted their price target on shares of Algonquin Power & Utilities from C$15.50 to C$16.00 in a research note on Monday, November 13th.

Algonquin Power & Utilities (TSE AQN) traded down C$0.13 during trading on Friday, reaching C$12.79. 398,057 shares of the company traded hands, compared to its average volume of 1,058,956. Algonquin Power & Utilities has a 12-month low of C$11.77 and a 12-month high of C$14.40. The firm has a market cap of $5,000.00, a P/E ratio of 26.10 and a beta of 0.27.

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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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