TD Securities Reiterates Algonquin Power And Utilities Corp (TSE:AQN) As a Buy; They Now Have a Price Target Of $12.00

Share

Algonquin Power And Utilities Corp (TSE:AQN) Rating Reaffirmed

Algonquin Power And Utilities Corp (TSE:AQN) just had their share rating of a ‘Buy’ issued by research analysts at TD Securities, who now has a $12.00 target price on the $2.69B market cap company or a 13.96% upside potential. This key information was revealed to clients and investors in a very recent research note on Thursday, 3 December.

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 8.07% above today’s ($10.53) stock price. Algonquin Power & Utilities Corp was the topic of 6 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc.

Approximately 1.37 million shares of stock traded hands or 110.70% 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.

TD Securities Reiterates Algonquin Power And Utilities Corp (TSE:AQN) As a Buy; They Now Have a Price Target Of $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 $2.69 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 25.42 P/E ratio.

COMMENTS: