Breaking Finance News

BMO Capital Markets announced Fortis Inc (TSE:FTS), dropping its stock price target to $51.00 today

In a report released on 9/15/2017 BMO Capital Markets reduced the stock price target of Fortis Inc (TSE:FTS) from $51.50 to $51.00 reporting a possible upside of 0.15%.

Previously on 8/3/2017, CIBC World Markets released a statement about Fortis Inc (TSE:FTS) increased the target price from $47.00 to $48.00. At the time, this indicated a possible upside of 0.05%.

Just yesterday Fortis Inc (TSE:FTS) traded -0.47% lower at $44.37. Fortis Inc’s 50-day moving average is $45.58 and its 200-day moving average is $44.64. The last stock price is down -0.61% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 4,327,963 shares of FTS traded hands, up from an average trading volume of 769,649

Recent Performance Chart

Fortis Inc (TSE:FTS)

Fortis Inc has 52 week low of $39.58 and a 52 week high of $47.06 with a PE ratio of 19.12 and has a market capitalization of $0.

In addition to BMO Capital Markets reporting its stock price target, a total of 11 brokerages have issued a research note on the company. The average stock price target is $37.11 with 1 brokerage rating the stock a strong buy, 9 brokerages rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Fortis Inc (TSE:FTS)

Fortis Inc. is a Canada-based electric and gas utility holding company. The Company's segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Energy Inc. (FortisBC Energy), FortisBC Inc. (FortisBC Electric) and Newfoundland Power Inc. (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited. The Non-Regulated Utilities segment consists of Non-Regulated-Energy Infrastructure, which comprises long-term generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility.

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