Today, an analyst has provided a rating update for the Utilities sector company, Fortis Inc. (FTS). The company received a Buy rating from UBS’s analyst Ross Fowler, with a C$59 price target.
Fowler has an average return of 4.1% when recommending Fortis Inc..
According to TipRanks.com, Fowler is ranked #3179 out of 5247 analysts.
Fortis Inc. has an analyst consensus of Moderate Buy, with a price target consensus of C$55.20, representing a 2.4% upside. In a report issued on August 6, CIBC also reiterated a Buy rating on the stock with a C$55 price target.
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The company has a one-year high of C$54.06 and a one-year low of C$40.71. Currently, Fortis Inc. has an average volume of 1.03M.
Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated.
The company’s shares closed on Friday at C$53.90, close to its 52-week high of C$54.06.
