Analysts have been eager to weigh in on the Utilities sector with new ratings on Fortis (FTS – Research Report), Xcel Energy (XEL – Research Report) and Ivanhoe Electric Inc. (IE – Research Report).
Fortis (FTS)
In a report released today, Benjamin Pham from BMO Capital maintained a Hold rating on Fortis, with a price target of C$58.50. The company’s shares closed last Tuesday at $40.89.
According to TipRanks.com, Pham is a 5-star analyst with an average return of
Currently, the analyst consensus on Fortis is a Hold with an average price target of $43.87, a 4.6% upside from current levels. In a report issued on September 11, RBC Capital also maintained a Hold rating on the stock with a C$61.00 price target.
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Xcel Energy (XEL)
In a report released yesterday, James Thalacker from BMO Capital maintained a Hold rating on Xcel Energy, with a price target of $62.00. The company’s shares closed last Tuesday at $58.52.
According to TipRanks.com, Thalacker is a 4-star analyst with an average return of
Xcel Energy has an analyst consensus of Moderate Buy, with a price target consensus of $65.30, which is a 12.6% upside from current levels. In a report issued on September 6, RBC Capital also maintained a Hold rating on the stock with a $67.00 price target.
Ivanhoe Electric Inc. (IE)
BMO Capital analyst Andrew Mikitchook maintained a Buy rating on Ivanhoe Electric Inc. today and set a price target of $20.00. The company’s shares closed last Tuesday at $13.41.
Mikitchook has an average return of
According to TipRanks.com, Mikitchook is ranked #1752 out of 8562 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ivanhoe Electric Inc. with a $20.00 average price target.
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Read More on FTS:
- Fortis announces new $25B five year capital outlook
- Fortis Inc. Establishes At-The-Market Equity Program
- Fortis announces C$500M at-the-market equity program
- Fortis increases quarterly dividend 4.4% to 59c per share
- Fortis Inc. Announces New $25 Billion Five Year Capital Outlook and 4.4% Increase in Fourth Quarter Dividend Marking 50 Years of Dividend Increases
