Shares of Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$25.00 and last traded at C$7.89, with a volume of 114523 shares traded. The stock had previously closed at C$7.91.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on AQN. TD Securities increased their target price on shares of Algonquin Power & Utilities from C$6.00 to C$6.50 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. BMO Capital Markets lowered shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. 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 target price on the stock. in a research note on Tuesday, June 3rd. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$6.63.
View Our Latest Stock Report on Algonquin Power & Utilities
Algonquin Power & Utilities Trading Down 1.3%
The company has a current ratio of 0.92, a quick ratio of 0.37 and a debt-to-equity ratio of 154.35. The company has a market capitalization of C$4.23 billion, a price-to-earnings ratio of -3.92, a PEG ratio of 1.07 and a beta of 0.52. The company has a fifty day moving average of C$7.78 and a 200-day moving average of C$7.16.
About Algonquin Power & Utilities
(
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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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