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

Tipranks - Tipranks - Tue Apr 21, 11:38AM CDT

In a report released today, Mark Jarvi from CIBC maintained a Hold rating on Algonquin Power & Utilities, with a price target of $6.50.

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Jarvi covers the Utilities sector, focusing on stocks such as TransAlta, Brookfield Renewable Partners, and ATCO Ltd Cl I NV. According to TipRanks, Jarvi has an average return of 13.6% and a 69.88% success rate on recommended stocks.

Currently, the analyst consensus on Algonquin Power & Utilities is a Moderate Buy with an average price target of $6.81.

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AQN market cap is currently C$6.71B and has a P/E ratio of 25.55.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AQN in relation to earlier this year.

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