Algonquin Power & Utilities Corp (TSE:AQN) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued on Wednesday, StockTargetPrices.com reports.

AQN has been the subject of a number of other reports. Macquarie assumed coverage on shares of Algonquin Power & Utilities Corp in a report on Thursday, November 26th. They set an “outperform” rating for the company. TD Securities reaffirmed a “buy” rating and set a C$12.00 price objective (up from C$11.50) on shares of Algonquin Power & Utilities Corp in a report on Thursday, December 3rd. Scotiabank reaffirmed a “sector outperform” rating and set a C$7.00 price objective on shares of Algonquin Power & Utilities Corp in a report on Thursday, November 26th. CIBC lifted their price objective on shares of Algonquin Power & Utilities Corp from C$6.50 to C$7.00 and gave the stock a “sector outperform” rating in a report on Thursday, November 26th. Finally, BMO Capital Markets lifted their price objective on shares of Algonquin Power & Utilities Corp from C$11.50 to C$12.50 and gave the stock an “outperform” rating in a report on Thursday, December 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Algonquin Power & Utilities Corp currently has a consensus rating of “Buy” and a consensus price target of C$11.00.

Algonquin Power & Utilities Corp (TSE:AQN) traded down 3.01% on Wednesday, reaching $10.97. The company’s stock had a trading volume of 352,362 shares. The stock’s 50 day moving average price is $10.80 and its 200 day moving average price is $10.00. Algonquin Power & Utilities Corp has a 12 month low of $7.50 and a 12 month high of $11.45. The company has a market cap of $2.64 billion and a P/E ratio of 37.96.

Algonquin Power & Utilities Corp. (TSE:AQN) is based in Canada and is engaged in ownership of power generation facilities and water, gas and energy utilities, through investments in securities of subsidiaries, including companies, limited partnerships and trusts. It operates in two segments: APCo, which owns or has interests in renewable energy facilities and thermal energy facilities, and Liberty Utilities, which owns and operates utilities in the United States of America providing water, wastewater and local electric distribution services. In April 2014, Algonquin Power & Utilities Corp announced the closing of the acquisition of the remaining 40% of the 400 MW wind power portfolio in the United States from Gamesa Wind US, LLC.

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