Algonquin Power & Utilities Corp. (TSE:AQN – Get Rating)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$21.66 and last traded at C$15.64, with a volume of 1427405 shares traded. The stock had previously closed at C$15.09.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their target price on Algonquin Power & Utilities from C$20.00 to C$21.00 in a research report on Tuesday, August 23rd. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$19.83.

Algonquin Power & Utilities Stock Up 1.7 %

The stock has a fifty day moving average price of C$17.74 and a 200 day moving average price of C$18.11. The company has a debt-to-equity ratio of 102.90, a current ratio of 0.77 and a quick ratio of 0.42. The stock has a market capitalization of C$10.75 billion and a P/E ratio of 38.68.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda.

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