Algonquin Power & Utilities (TSE:AQN) had its target price raised by analysts at Raymond James Financial from C$16.00 to C$16.50 in a research report issued on Wednesday, March 14th. The brokerage presently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 27.91% from the stock’s current price.
AQN has been the subject of several other research reports. TD Securities decreased their target price on Algonquin Power & Utilities from C$16.00 to C$15.50 and set a “buy” rating for the company in a research note on Monday, March 5th. National Bank Financial increased their price target on Algonquin Power & Utilities from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. Finally, BMO Capital Markets decreased their price target on Algonquin Power & Utilities from C$16.00 to C$15.50 in a research report on Tuesday, February 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$15.63.
Shares of Algonquin Power & Utilities (AQN) traded down C$0.08 during mid-day trading on Wednesday, reaching C$12.90. The company had a trading volume of 463,366 shares, compared to its average volume of 1,295,587. Algonquin Power & Utilities has a fifty-two week low of C$12.51 and a fifty-two week high of C$14.40. The company has a market capitalization of $4,960.00, a PE ratio of 24.90 and a beta of 0.32.
About Algonquin Power & Utilities
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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