Crius Energy Trust (KWH.UN) Given New C$10.25 Price Target at Canaccord Genuity
Crius Energy Trust (TSE:KWH.UN) had its price target lowered by Canaccord Genuity from C$11.50 to C$10.25 in a research report released on Monday. Canaccord Genuity currently has a buy rating on the stock.
KWH.UN has been the subject of a number of other reports. Royal Bank Of Canada raised Crius Energy Trust from a sector perform rating to an outperform rating and set a C$11.00 price objective for the company in a research report on Friday, November 3rd. National Bank Financial decreased their price objective on Crius Energy Trust from C$13.00 to C$11.00 and set an outperform rating for the company in a research report on Wednesday, August 16th. Raymond James Financial, Inc. reaffirmed an outperform rating and set a C$12.00 price objective on shares of Crius Energy Trust in a research report on Tuesday, August 29th. Finally, Desjardins decreased their price objective on Crius Energy Trust from C$13.25 to C$12.75 in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of C$11.17.
Shares of Crius Energy Trust (KWH.UN) opened at C$9.04 on Monday. Crius Energy Trust has a 1 year low of C$7.90 and a 1 year high of C$11.32.
The firm also recently declared a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 15th will be issued a $0.0684 dividend. This is a boost from Crius Energy Trust’s previous monthly dividend of $0.07. This represents a $0.82 annualized dividend and a dividend yield of 9.08%. The ex-dividend date of this dividend is Wednesday, November 29th.
Crius Energy Trust Company Profile
Crius Energy Trust (the Trust) is an open-ended limited purpose trust. The Trust has been established to provide investors with a distribution-producing investment through its ownership interest in Crius Energy, LLC (Crius Energy), by the Trust’s indirect subsidiary, Crius Energy Corporation. Crius Energy is involved in the sale of electricity and natural gas to residential and commercial customers.
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