Scotiabank Remains a Hold on Algonquin Power & Utilities (AQN)

In a report released today, Robert Hope from Scotiabank maintained a Hold rating on Algonquin Power & Utilities (AQN – Research Report), with a price target of $6.50. The company’s shares opened today at $6.55.

Hope covers the Energy sector, focusing on stocks such as TC Energy, Enbridge, and Pembina Pipeline. According to TipRanks, Hope has an average return of 8.5% and a 63.06% success rate on recommended stocks.

In addition to Scotiabank, Algonquin Power & Utilities also received a Hold from RBC Capital’s Nelson Ng in a report issued today. However, yesterday, BMO Capital maintained a Buy rating on Algonquin Power & Utilities (NYSE: AQN).

The company has a one-year high of $8.19 and a one-year low of $4.73. Currently, Algonquin Power & Utilities has an average volume of 5.38M.

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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.