RBC Capital Remains a Hold on Algonquin Power & Utilities (AQN)

RBC Capital analyst Nelson Ng maintained a Hold rating on Algonquin Power & Utilities (AQN – Research Report) on October 11 and set a price target of $6.00. The company’s shares closed yesterday at $5.06.

Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and Northland Power. According to TipRanks, Ng has an average return of 7.4% and a 56.25% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Algonquin Power & Utilities with a $6.18 average price target, which is a 22.13% upside from current levels. In a report released on October 8, CIBC also maintained a Hold rating on the stock with a $5.75 price target.

The company has a one-year high of $6.79 and a one-year low of $4.90. Currently, Algonquin Power & Utilities has an average volume of 6.32M.

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Algonquin Power & Utilities (AQN) Company Description:

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. It focuses on delivering reliable earnings, cash flow, and dividend growth through strategic acquisitions and operational excellence. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.