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Fortis Inc (TSE:FTS) target price raised to $49.00, reported today by TD Securities

Yesterday Fortis Inc (TSE:FTS) traded 0.78% higher at $42.94. The company’s 50-day average is $42.29 and its 200-day moving average is $41.36. The last stock close is up 0.51% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. 1,602,794 shares of Fortis Inc were exchanged, up from ann avg. volume of 868,113.

TD Securities raised the target price of Fortis Inc (TSE:FTS) to $49, indicating a possible upside of 0.14%,

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

Recent Performance Graph:

Fortis Inc (TSE:FTS)

Also covering Fortis Inc’s target price, a total of 9 firms have issued a research note on the company. The one year target price 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 stock to underperform, and finally 0 analysts rating the company as sell.

Fortis Inc has a one-year low of $35.51 and a 52 week high of $44.87 with a PE ratio of 21 and has a total market value of $0.0.

Brief Synopsis On 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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