Algonquin Power & Utilities Corp (TSE:AQN) received a C$14.00 price objective from Scotiabank in a research report issued to clients and investors on Monday. The firm presently has a an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 29.63% from the company’s previous close.

Several other brokerages have also recently issued reports on AQN. Royal Bank Of Canada lifted their price target on Algonquin Power & Utilities Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. RBC Capital Markets lifted their price target on Algonquin Power & Utilities Corp from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. TD Securities lifted their price target on Algonquin Power & Utilities Corp from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Monday, August 15th. Desjardins lifted their price target on Algonquin Power & Utilities Corp from C$14.25 to C$15.25 and gave the company a “buy” rating in a research report on Friday, September 9th. Finally, Raymond James Financial Inc. reiterated an “outperform” rating and set a C$14.50 price target on shares of Algonquin Power & Utilities Corp in a research report on Thursday, September 22nd. Nine equities research analysts have rated the stock with a buy rating, Algonquin Power & Utilities Corp currently has a consensus rating of “Buy” and an average price target of C$13.92.

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

Algonquin Power & Utilities Corp (TSE:AQN) opened at 10.80 on Monday. Algonquin Power & Utilities Corp has a 1-year low of $10.09 and a 1-year high of $12.45. The firm has a market capitalization of $2.94 billion and a price-to-earnings ratio of 38.30. The company has a 50-day moving average price of $11.51 and a 200 day moving average price of $11.78.

Algonquin Power & Utilities Corp Company Profile

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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