Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$6.38 Consensus Price Target from Brokerages

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have received an average rating of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$6.38.

Several equities analysts recently commented on the stock. Scotiabank upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 16th. Janney Montgomery Scott upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 10th. Finally, National Bank Financial raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th.

Algonquin Power & Utilities Trading Up 0.2%

AQN stock opened at C$9.52 on Monday. Algonquin Power & Utilities has a twelve month low of C$6.17 and a twelve month high of C$9.69. The stock has a market capitalization of C$7.31 billion, a price-to-earnings ratio of -317.33, a price-to-earnings-growth ratio of 1.07 and a beta of 1.12. The company has a quick ratio of 0.37, a current ratio of 1.23 and a debt-to-equity ratio of 138.56. The firm’s fifty day simple moving average is C$8.95 and its two-hundred day simple moving average is C$8.40.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.