Algonquin Power And Utilities Corp (TSE:AQN) Has Just Had Its TP Upped by Analysts at RBC Capital Markets to $12.00

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Stock Analysis:Algonquin Power And Utilities Corp (TSE:AQN) Target Increased

In a very recent research note made public by RBC Capital Markets on Thursday, 3 December, Algonquin Power And Utilities Corp (TSE:AQN) had its Estimated Target Price raised to $12.00. The firm presently has a solid “Outperform” rating on shares.

From a total of 6 analysts covering Algonquin Power & Utilities Corp (TSE:AQN) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $9.76 while the lowest target price is $8.26. The mean of all analyst targets is $8.82 with a 8.80% above today’s ($10.46) stock price. Algonquin Power & Utilities Corp was the topic of 6 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc.

Approximately 939,272 shares of stock traded hands or 44.46% up from the average. Algonquin Power & Utilities Corp (TSE:AQN) has risen 5.09% since April 30, 2015 and is uptrending. It has outperformed by 5.37% the S&P500.

Algonquin Power And Utilities Corp (TSE:AQN) Has Just Had Its TP Upped by Analysts at RBC Capital Markets to $12.00

Algonquin Power & Utilities Corp. is based in Canada and is engaged in ownership of power generation facilities and water, gas and energy utilities, through investments in securities of subsidiaries, including companies, limited partnerships and trusts. The company has a market cap of $2.68 billion. It operates in two divisions: APCo, which owns or has interests in renewable energy facilities and thermal energy facilities, and Liberty Utilities, which owns and operates utilities in the United States of America providing water, wastewater and local electric distribution services. It has 25.25 P/E ratio.

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