Royal Bank Of Canada restated their outperform rating on shares of Algonquin Power & Utilities Corp (TSE:AQN) in a research note issued to investors on Wednesday morning. They currently have a C$14.00 target price on the stock.

Other equities research analysts have also issued reports about the company. Desjardins raised their target price 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. TD Securities lifted their price objective on Algonquin Power & Utilities Corp from C$13.00 to C$13.50 and gave the stock a buy rating in a report on Monday, August 15th. Scotiabank set a C$14.00 price objective on Algonquin Power & Utilities Corp and gave the stock an outperform rating in a report on Monday, November 14th. Raymond James Financial Inc. reissued an outperform rating and issued a C$14.50 price objective on shares of Algonquin Power & Utilities Corp in a report on Thursday, September 22nd. Finally, RBC Capital Markets lifted their price objective on 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. Seven equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of C$13.92.

Algonquin Power & Utilities Corp (TSE:AQN) opened at 11.13 on Wednesday. Algonquin Power & Utilities Corp has a 52 week low of $10.09 and a 52 week high of $12.45. The firm’s 50-day moving average price is $11.27 and its 200 day moving average price is $11.74. The firm has a market cap of $3.04 billion and a P/E ratio of 39.05.

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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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