Today, an analyst has provided a rating update for the Utilities sector company, Algonquin Power & Util (TSX: AQN). Analyst David Galison from Canaccord Genuity rated Algonquin Power & Util (TSX: AQN) a Buy, setting a C$14.50 price target.
Galison has an average return of 3.9% when recommending Algonquin Power & Util.
According to TipRanks.com, Galison is ranked #933 out of 4850 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Algonquin Power & Util with a C$14.50 average price target.
Algonquin Power & Util’s market cap is currently C$5.78B and has a P/E ratio of 28.9. The company has a Price to Book ratio of 1.79.
Algonquin Power & Utilities Corp. operates as a North American based renewable energy and regulated utility company. The firm through its subsidiaries, Algonquin Power Co. and Liberty Utilities acquires and operates green energy assets including hydroelectric, wind, thermal and solar power facilities and utility distribution businesses.
The company’s shares closed on Thursday at C$13.34.
