Analysts Set Crius Energy Trust (KWH.UN) Price Target at $11.42
Crius Energy Trust (TSE:KWH.UN) has received a consensus rating of “Buy” from the six research firms that are covering the stock. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$11.42.
KWH.UN has been the topic of a number of research reports. Scotiabank restated a “sector perform” rating and set a C$10.00 price objective on shares of Crius Energy Trust in a research report on Tuesday, September 27th. Desjardins reduced their price objective on Crius Energy Trust from C$14.00 to C$13.50 and set a “buy” rating on the stock in a research report on Thursday, August 18th. Canaccord Genuity boosted their price objective on Crius Energy Trust from C$11.25 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Royal Bank Of Canada restated a “sector perform” rating and set a C$11.00 price objective on shares of Crius Energy Trust in a research report on Wednesday, July 20th. Finally, National Bank Financial restated an “outperform” rating and set a C$10.00 price objective on shares of Crius Energy Trust in a research report on Wednesday.
The business also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be given a $0.0632 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Thursday, October 27th. This is a positive change from Crius Energy Trust’s previous monthly dividend of $0.06.
About Crius Energy Trust
Crius Energy Trust (the Trust) is a Canada-based open-ended limited purpose trust. The Trust has been established to provide investors with a distribution-producing investment through its 26.8% ownership interest in Crius Energy, LLC by the Trust’s indirect wholly owned subsidiary, Crius Energy Corporation (US Holdco).
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