Algonquin Power & Utilities Corp (TSE:AQN)‘s stock had its “buy” rating reaffirmed by equities research analysts at TD Securities in a research note issued on Wednesday. They currently have a C$13.50 price target on the stock. TD Securities’ price objective indicates a potential upside of 22.50% from the stock’s previous close.

Several other research firms also recently issued reports on AQN. Scotiabank set a C$14.00 price objective on shares of Algonquin Power & Utilities Corp and gave the stock an “outperform” rating in a report on Monday, November 14th. 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 report on Thursday, September 22nd. 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 report on Monday, August 15th. RBC Capital Markets 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 report on Monday, August 15th. Finally, Desjardins lifted their target price 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 report on Friday, September 9th. Seven investment analysts have rated the stock with a buy rating, The company presently has an average 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) traded up 0.45% on Wednesday, hitting $11.07. 1,064,719 shares of the company were exchanged. The stock has a 50 day moving average price of $11.27 and a 200 day moving average price of $11.74. Algonquin Power & Utilities Corp has a one year low of $10.09 and a one year high of $12.45. The firm has a market cap of $3.03 billion and a price-to-earnings ratio of 38.84.

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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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