Scotiabank reaffirmed their outperform rating on shares of Algonquin Power & Utilities Corp (TSE:AQN) in a report published on Wednesday morning. The firm currently has a C$14.00 price objective on the stock.

A number of other brokerages have also recently issued reports on AQN. Raymond James Financial Inc. reissued an outperform rating and issued a C$14.50 target price on shares of Algonquin Power & Utilities Corp in a report on Thursday, September 22nd. TD Securities set a C$13.50 price target on Algonquin Power & Utilities Corp and gave the company a buy rating in a report on Monday, November 14th. 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 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 report on Monday, August 15th. Finally, 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 report on Friday, September 9th. Seven equities research analysts have rated the stock with a buy rating, Algonquin Power & Utilities Corp 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)

Shares of Algonquin Power & Utilities Corp (TSE:AQN) opened at 11.13 on Wednesday. Algonquin Power & Utilities Corp has a 12-month low of $10.09 and a 12-month high of $12.45. The company has a 50 day moving average price of $11.27 and a 200-day moving average price of $11.74. The firm has a market cap of $3.04 billion and a PE 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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