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A report released today by RBC Capital Markets about Fortis Inc (TSE:FTS) bumps the target price to $52.00

Just yesterday Fortis Inc (TSE:FTS) traded 0.78% higher at $42.94. The company’s 50-day average is $42.29 and its two hundred day average is $41.36. The last stock price close is up 0.51% from the 200-day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. 1,602,794 shares of Fortis Inc exchanged hands, up from ann avg. volume of 868,113.

RBC Capital Markets bumped the target stock price of Fortis Inc (TSE:FTS) to $52, reporting a possible upside of 0.21%,

Previously on 7/26/2016, CSFB released a statement for Fortis Inc(TSE:FTS) bumped the target price from $42.00 to $46.00. At the time, this indicated a possible upside of 0.06%.

See Chart Below:

Fortis Inc (TSE:FTS)

Also covering Fortis Inc’s target price, a total of 9 brokers have reported on the stock. The 12-month target is $36.64 with 0 rating the stock a strong buy, 0 rating the stock a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokerages rating the company as sell.

Fortis Inc has a PE of 21 with a one-year low of $35.51 and a one-year high of $44.87 and has a total market value of $0.0.

General Information About Fortis Inc (TSE:FTS)

Fortis Inc (Fortis) is a Canada-based electric and gas utility company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-United States, which consists of UNS Energy Corporation (UNS Energy) and Central Hudson Gas & Electric Corporation (Central Hudson); Regulated Gas Utility-Canadian, which consists of FortisBC Energy Inc. (FortisBC Energy); Regulated Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Electric and Eastern Canadian, and Regulated Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd. (Caribbean Utilities), Fortis Turks and Caicos, and its investment in Belize Electricity Limited (Belize Electricity). The Non-Regulated Utilities segment consists of Fortis Generation and Aitken Creek Gas Storage LLC, and a provider of natural gas transmission and storage services.

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