Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$25.16 and last traded at C$8.06, with a volume of 405632 shares. The stock had previously closed at C$8.03.
Wall Street Analysts Forecast Growth
AQN has been the subject of a number of recent analyst reports. National Bank Financial cut 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. BMO Capital Markets downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Finally, TD Securities lifted their target price on Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$6.63.
Check Out Our Latest Report on AQN
Algonquin Power & Utilities Price Performance
The company has a market capitalization of C$4.38 billion, a P/E ratio of -4.05, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. 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 company's 50-day moving average price is C$7.86 and its two-hundred day moving average price is C$7.23.
About Algonquin Power & Utilities
(
Get Free Report)
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.
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