In a latest note to investors, a research analyst has provided a rating update for the Utilities sector company, Fortis Inc. (FTS). Analyst Robert Catellier from CIBC remains bullish on the stock and has a C$49 price target.
According to TipRanks.com, Catellier is a 2-star analyst with an average return of 0.2% and a 55.1% success rate. Catellier covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortis Inc. with a C$47.25 average price target.
The company has a one-year high of C$47.36 and a one-year low of C$39.38. Currently, Fortis Inc. has an average volume of 1.36M.
Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities-United States, Regulated Utilities-Canadian, Regulated Utilities-Caribbean, Non-Regulated-Energy Infrastructure, and Corporate & Other.
The company’s shares closed on Monday at C$45.19.
