Shares of Algonquin Power & Utilities Corp (TSE:AQN) have earned an average rating of “Buy” from the ten ratings firms that are currently covering the stock. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$13.92.

Several research analysts recently weighed in on AQN shares. TD Securities boosted their price objective on shares of Algonquin Power & Utilities Corp from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Monday, August 15th. Desjardins boosted their price objective on shares of Algonquin Power & Utilities Corp from C$14.25 to C$15.25 and gave the stock a “buy” rating in a research report on Friday, September 9th. Scotiabank set a C$14.00 price objective on shares of Algonquin Power & Utilities Corp and gave the stock an “outperform” rating in a research report on Monday. Raymond James Financial Inc. restated an “outperform” rating and issued a C$14.50 price objective on shares of Algonquin Power & Utilities Corp in a research report on Thursday, September 22nd. Finally, Royal Bank Of Canada boosted their price objective on shares of Algonquin Power & Utilities Corp from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th.

Shares of Algonquin Power & Utilities Corp (TSE:AQN) traded down 0.37% during mid-day trading on Thursday, hitting $10.75. The stock had a trading volume of 1,177,759 shares. The stock has a market capitalization of $2.93 billion and a price-to-earnings ratio of 38.12. The stock’s 50-day moving average price is $11.48 and its 200-day moving average price is $11.77. Algonquin Power & Utilities Corp has a 12-month low of $10.09 and a 12-month high of $12.45.

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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