Analysts Set Crius Energy Trust (KWH.UN) Price Target at $11.50
Crius Energy Trust (TSE:KWH.UN) has been given a consensus rating of “Buy” by the five ratings firms that are presently covering the company. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$11.40.
KWH.UN has been the subject of a number of analyst reports. Scotiabank reaffirmed a “sector perform” rating and issued a C$10.00 target price on shares of Crius Energy Trust in a research report on Tuesday, September 27th. National Bank Financial raised their target price on shares of Crius Energy Trust from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Tuesday, November 15th. Desjardins decreased their target price on shares of Crius Energy Trust from C$14.00 to C$13.50 and set a “buy” rating for the company in a research report on Thursday, August 18th. Finally, Canaccord Genuity raised their target price on shares of Crius Energy Trust from C$11.25 to C$12.00 and gave the company a “buy” rating in a research report on Friday, August 12th.
The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were 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 was Thursday, October 27th. This is an increase from Crius Energy Trust’s previous monthly dividend of $0.06.
About Crius Energy Trust
Crius Energy Trust (the Trust) is an open-ended limited purpose trust. The Trust has been established to provide investors with a distribution-producing investment through its ownership interest in Crius Energy, LLC (Crius Energy), by the Trust’s indirect subsidiary, Crius Energy Corporation. Crius Energy is involved in the sale of electricity and natural gas to residential and commercial customers.
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