Atlantic Power Co. (ATP) Stock Rating Reaffirmed by TD Securities
Atlantic Power Co. (TSE:ATP)‘s stock had its “hold” rating reiterated by analysts at TD Securities in a note issued to investors on Wednesday. They currently have a C$2.75 price objective on the stock. TD Securities’ target price indicates a potential downside of 15.90% from the company’s current price.
Separately, Royal Bank Of Canada reiterated a “sector perform” rating and set a C$3.00 price objective on shares of Atlantic Power in a report on Tuesday.
Shares of Atlantic Power (TSE:ATP) opened at 3.27 on Wednesday. Atlantic Power has a 12 month low of $2.19 and a 12 month high of $3.49. The firm’s 50-day moving average price is $3.18 and its 200-day moving average price is $3.19. The company’s market cap is $394.06 million.
Atlantic Power Company Profile
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate.
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