Shares of Algonquin Power & Utilities Corp (TSE:AQN) have been assigned an average recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$14.18.
Several equities research analysts have commented on the company. TD Securities boosted their target price on Algonquin Power & Utilities Corp from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Wells Fargo & Company assumed coverage on Algonquin Power & Utilities Corp in a research note on Tuesday, June 20th. They issued a “market perform” rating on the stock.
In related news, insider Jennifer Sara Tindale purchased 7,650 shares of the stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average price of C$13.70 per share, with a total value of C$104,805.00.
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Algonquin Power & Utilities Corp (AQN) remained flat at $13.33 during trading on Tuesday. The company had a trading volume of 212,498 shares. The company has a market cap of $5.13 billion and a P/E ratio of 68.36. The company has a 50-day moving average of $13.39 and a 200 day moving average of $12.93. Algonquin Power & Utilities Corp has a 52-week low of $10.47 and a 52-week high of $14.35.
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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