Algonquin Power & Utilities (TSE:AQN) Price Target Lowered to C$6.00 at TD Securities

Key Points

• TD Securities has lowered its price target for Algonquin Power & Utilities from C$6.50 to C$6.00, indicating a potential downside of 23.37% from the current stock price.
• Multiple analysts have downgraded their ratings on Algonquin Power & Utilities to "hold," with a consensus average price target of C$6.38.
• The stock has seen fluctuating prices, with a 52-week low of C$6.03 and a high of C$8.56, currently trading at C$7.83.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) had its price objective reduced by stock analysts at TD Securities from C$6.50 to C$6.00 in a report issued on Monday, Marketbeat reports. The brokerage currently has a "hold" rating on the stock. TD Securities' target price indicates a potential downside of 25.56% from the stock's previous close.

Several other equities analysts have also weighed in on the stock. 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 on the stock. in a report on Tuesday, June 3rd. BMO Capital Markets lowered shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th.

Algonquin Power & Utilities Price Performance

AQN stock opened at C$8.06 on Monday. The firm has a market cap of C$4.37 billion, a price-to-earnings ratio of -4.04, a PEG ratio of 1.07 and a beta of 0.52. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 154.35. Algonquin Power & Utilities has a 12-month low of C$6.03 and a 12-month high of C$8.56. The company's fifty day simple moving average is C$8.00 and its 200 day simple moving average is C$7.49.

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.