National Bank Reaffirms Their Hold Rating on Algonquin Power & Util (AQN)

By Austin Angelo

Algonquin Power & Util (AQNResearch Report), the Utilities sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. National Bank’s analyst Rupert Merer reiterates their Hold rating on the shares, with a C$13 price target.

According to TipRanks.com, Merer is ranked #4434 out of 5234 analysts.

Algonquin Power & Util has an analyst consensus of Strong Buy, with a price target consensus of C$14.67.

The company has a one-year high of C$16.60 and a one-year low of C$12.45. Currently, Algonquin Power & Util has an average volume of 1M.

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 Wednesday at C$16.23, close to its 52-week high of C$16.60.