Algonquin Power & Utilities Corp (TSE:AQN) reached a new 52-week high on Thursday after National Bank Financial raised their price target on the stock from C$15.50 to C$16.00. National Bank Financial currently has an outperform rating on the stock. Algonquin Power & Utilities Corp traded as high as C$25.90 and last traded at C$13.83, with a volume of 1547738 shares trading hands. The stock had previously closed at C$13.55.

A number of other equities research analysts also recently weighed in on the stock. TD Securities lifted their price target on shares of Algonquin Power & Utilities Corp from C$15.00 to C$16.00 in a research report on Tuesday, October 24th. Desjardins lifted their price target on shares of Algonquin Power & Utilities Corp from C$15.25 to C$16.00 in a research report on Monday. Royal Bank Of Canada lifted their price target on shares of Algonquin Power & Utilities Corp from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James Financial, Inc. lifted their price target on shares of Algonquin Power & Utilities Corp from C$15.00 to C$16.00 and gave the company a “strong-buy” rating in a research report on Friday, August 11th. Finally, Scotiabank reissued an “outperform” rating and issued a C$15.50 price objective on shares of Algonquin Power & Utilities Corp in a research note on Monday. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Algonquin Power & Utilities Corp currently has a consensus rating of “Buy” and a consensus target price of C$15.28.

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Algonquin Power & Utilities Corp Company Profile

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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