Today, an analyst has provided a rating update for Algonquin Power & Util (AQN). The company received a Buy rating from Raymond James’ analyst David Quezada, with a C$13 price target.
Quezada has an average return of 15.2% when recommending Algonquin Power & Util.
According to TipRanks.com, Quezada is ranked #688 out of 5181 analysts.
Currently, the analyst consensus on Algonquin Power & Util is a Strong Buy with an average price target of C$12.25.
Algonquin Power & Util’s market cap is currently C$7.45B and has a P/E ratio of 29.4. The company has a Price to Book ratio of 1.82.
Algonquin Power & Utilities Corp. is a diversified utility company, which through its subsidiaries, engages in the ownership and operation of a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets.
The company’s shares closed on Friday at C$15.25, close to its 52-week high of C$15.46.
