Algonquin Power & Utilities Corp (TSE:AQN) received a C$13.50 price target from equities researchers at TD Securities in a report released on Monday. The brokerage presently has a a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 25.00% from the company’s current price.

Several other research analysts have also issued reports on the stock. Scotiabank reiterated an “outperform” rating and issued a C$14.00 price target on shares of Algonquin Power & Utilities Corp in a research note on Thursday, October 20th. Raymond James Financial Inc. restated an “outperform” rating and set a C$14.50 price objective on shares of Algonquin Power & Utilities Corp in a research note on Thursday, September 22nd. Desjardins raised their price objective on shares of Algonquin Power & Utilities Corp from C$14.25 to C$15.25 and gave the company a “buy” rating in a research note on Friday, September 9th. Royal Bank Of Canada raised their price objective on shares of Algonquin Power & Utilities Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Finally, RBC Capital Markets raised their price objective on shares of Algonquin Power & Utilities Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Nine research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of C$13.92.

Analyst Recommendations for Algonquin Power & Utilities Corp (TSE:AQN)

Shares of Algonquin Power & Utilities Corp (TSE:AQN) opened at 10.80 on Monday. Algonquin Power & Utilities Corp has a 52-week low of $10.09 and a 52-week high of $12.45. The company has a market cap of $2.94 billion and a price-to-earnings ratio of 38.30. The stock has a 50 day moving average of $11.51 and a 200 day moving average of $11.78.

About Algonquin Power & Utilities Corp

Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.

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