CIBC Raises Algonquin Power & Utilities Corp (AQN) Price Target to C$16.00

Algonquin Power & Utilities Corp (TSE:AQN) had its target price upped by CIBC from C$15.50 to C$16.00 in a report issued on Monday morning.

AQN has been the topic of a number of other reports. BMO Capital Markets restated an outperform rating and issued a C$16.00 price target on shares of Algonquin Power & Utilities Corp in a research note on Monday. Raymond James Financial, Inc. lifted their target price on Algonquin Power & Utilities Corp from C$15.00 to C$16.00 and gave the company a strong-buy rating in a research report on Friday, August 11th. Desjardins lifted their target price on Algonquin Power & Utilities Corp from C$15.25 to C$16.00 in a research report on Monday. Finally, TD Securities lifted their target price on Algonquin Power & Utilities Corp from C$15.00 to C$16.00 in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Algonquin Power & Utilities Corp presently has an average rating of Buy and a consensus price target of C$15.19.

Algonquin Power & Utilities Corp (TSE AQN) opened at C$13.83 on Monday. Algonquin Power & Utilities Corp has a 52 week low of C$10.57 and a 52 week high of C$14.35.

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About Algonquin Power & Utilities Corp

Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.

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