A report released today by CIBC World Markets about Algonquin Power And Utilities Corp. (TSE:AQN) raises the target price to $14.00
- Updated: December 1, 2016
In a report announced on Thursday December 01, 2016 CIBC World Markets bumped up the target of Algonquin Power And Utilities Corp. (TSE:AQN) from $13.00 to $14.00 stating a potential upside of 0.26%.
Previously on Wednesday November 30, 2016, Scotia Capital released a statement for Algonquin Power And Utilities Corp. (TSE:AQN) bumped up the target price from $0.00 to $14.00. At the time, this indicated a possible upside of 0.26%.
Just yesterday Algonquin Power And Utilities Corp. (TSE:AQN) traded 0.27% higher at $11.14. AQN’s 50-day average is $11.27 and its two hundred day average is $11.74. With the last close down -4.94% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the date range. Volume of trade was down over the average, with 954,428 shares of AQN changing hands under the typical 1,070,440
See Chart Below
With a total market value of $0, Algonquin Power And Utilities Corp. has price-earnings ratio of 39.16 with a one year low of $10.09 and a one year high of $12.45 .
In addition to CIBC World Markets reporting its stock price target, a total of 10 brokers have issued a report on the company. The average stock price target is $10.63 with two analysts rating the company a strong buy, eight analysts rating the stock a buy, 0 brokerages rating the stock a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
General Information About Algonquin Power And Utilities Corp. (TSE:AQN)
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. The Generation Business Group (Generation Group) owns and operates a portfolio of non-regulated renewable and thermal electric generation utility assets; the Transmission Business Group (Transmission Group) is responsible for evaluating and capitalizing upon natural gas pipeline and electric transmission asset opportunities in North America, and the Distribution Business Group (Distribution Group) owns and operates a portfolio of North American electric, natural gas, and water distribution and wastewater collection utility systems. The Generation Group has interests in hydroelectric, wind, solar and thermal facilities.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.