Fortis Inc. (FTS) PT Raised to C$49.00 at J P Morgan Chase & Co
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.
COPYRIGHT VIOLATION NOTICE: “Fortis Inc. (FTS) PT Raised to C$49.00 at J P Morgan Chase & Co” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/11/15/fortis-inc-fts-pt-raised-to-c49-00-at-j-p-morgan-chase-co.html.
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.
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.
Receive News & Stock Ratings for Fortis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortis Inc. and related stocks with our FREE daily email newsletter.