Fortis (TSE:FTS - Get Free Report) had its price objective boosted by research analysts at Jefferies Financial Group from C$67.00 to C$70.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group's price target points to a potential upside of 4.95% from the stock's current price.
A number of other brokerages have also recently commented on FTS. Raymond James increased their price target on Fortis from C$61.00 to C$62.50 in a research note on Tuesday, February 18th. CIBC boosted their price target on shares of Fortis from C$65.00 to C$68.00 in a research report on Friday, April 4th. Royal Bank of Canada upped their price target on shares of Fortis from C$65.00 to C$69.00 in a research note on Tuesday, February 18th. UBS Group lifted their price objective on shares of Fortis from C$58.00 to C$63.00 in a research note on Friday, March 21st. Finally, Scotiabank increased their target price on Fortis from C$63.00 to C$66.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, Fortis has a consensus rating of "Hold" and a consensus target price of C$63.05.
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Fortis Stock Performance
Shares of Fortis stock traded up C$0.63 on Monday, reaching C$66.70. 2,695,371 shares of the company traded hands, compared to its average volume of 1,785,992. The company has a 50 day moving average of C$64.14 and a 200 day moving average of C$62.09. Fortis has a 52 week low of C$51.59 and a 52 week high of C$67.52. The firm has a market capitalization of C$33.00 billion, a PE ratio of 19.80, a PEG ratio of 3.01 and a beta of 0.23. The company has a debt-to-equity ratio of 142.31, a current ratio of 0.74 and a quick ratio of 0.36.
Fortis Company Profile
(
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Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S.
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