Fortis Inc. (TSE:FTS) had its price objective hoisted by equities researchers at J P Morgan Chase & Co from C$48.00 to C$49.00 in a research report issued on Monday. J P Morgan Chase & Co’s target price suggests a potential upside of 1.53% from the company’s current price.

FTS has been the subject of several other research reports. Royal Bank Of Canada lifted their target price on Fortis from C$51.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Scotiabank lifted their target price on Fortis from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Barclays PLC lifted their target price on Fortis from C$37.00 to C$40.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. TD Securities lifted their target price on Fortis from C$48.00 to C$51.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Finally, CIBC lowered Fortis from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from C$47.00 to C$48.00 in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Fortis presently has a consensus rating of “Buy” and a consensus target price of C$49.00.

Fortis (TSE FTS) opened at C$48.26 on Monday. Fortis has a 12-month low of C$39.62 and a 12-month high of C$48.46.

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In related news, insider Earl Ludlow sold 35,056 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of C$46.45, for a total transaction of C$1,628,351.20. Also, Director Jamie Roberts sold 1,569 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of C$48.11, for a total value of C$75,484.59.

About Fortis

Fortis Inc is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Energy Inc (FortisBC Energy), FortisBC Inc (FortisBC Electric) and Newfoundland Power Inc (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.

Analyst Recommendations for Fortis (TSE:FTS)

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