Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as C$25.15 and last traded at C$7.95, with a volume of 320764 shares changing hands. The stock had previously closed at C$7.97.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. 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 target on the stock. in a research report on Tuesday, June 3rd. TD Securities increased their price objective on shares of Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. Finally, BMO Capital Markets cut shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Algonquin Power & Utilities has a consensus rating of "Hold" and a consensus price target of C$6.63.
Check Out Our Latest Report on AQN
Algonquin Power & Utilities Stock Up 0.5%
The company has a market cap of C$4.34 billion, a P/E ratio of -4.02, a PEG ratio of 1.07 and a beta of 0.52. The stock's 50-day moving average price is C$7.82 and its 200-day moving average price is C$7.20. The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35.
Algonquin Power & Utilities Company Profile
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Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
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