Brokerages Set Algonquin Power & Utilities Corp. (TSE:AQN) Price Target at C$6.63

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have received an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is C$6.63.

A number of equities analysts have weighed in on the company. BMO Capital Markets lowered Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th. TD Securities lifted their price target on Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a “hold” rating in a report on Wednesday, June 4th. Finally, National Bank Financial lowered shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating and set a C$6.75 price objective for the company. in a report on Tuesday, June 3rd.

Algonquin Power & Utilities Trading Up 0.7%

Shares of Algonquin Power & Utilities stock opened at C$8.18 on Friday. The company has a debt-to-equity ratio of 154.35, a current ratio of 0.92 and a quick ratio of 0.37. The stock’s 50 day simple moving average is C$7.92 and its 200-day simple moving average is C$7.34. The stock has a market cap of C$4.44 billion, a P/E ratio of -4.10, a P/E/G ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities has a 1-year low of C$6.03 and a 1-year high of C$8.76.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada.