Fortis (FTS) Receives a Hold from RBC Capital
In a report released yesterday, Maurice Choy from RBC Capital maintained a Hold rating on Fortis, with a price target of C$80.00.
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According to TipRanks, Choy is a 5-star analyst with an average return of 17.5% and an 80.95% success rate. Choy covers the Utilities sector, focusing on stocks such as Fortis, Brookfield Infrastructure, and TransAlta.
In addition to RBC Capital, Fortis also received a Hold from TipRanks – OpenAI’s OpenAI Regulated Electric in a report issued on March 14. However, on the same day, TipRanks – xAI reiterated a Buy rating on Fortis (NYSE: FTS).
The company has a one-year high of C$80.10 and a one-year low of C$61.32. Currently, Fortis has an average volume of 1.84M.
Based on the recent corporate insider activity of 89 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 FTS in relation to earlier this year.
Read More on FTS:
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- Fortis Sets Key Dates for 2026 Hybrid Annual Meeting of Shareholders
- Fortis price target raised to C$83 from C$79 at TD Securities
- Fortis price target raised to C$77 from C$74 at BMO Capital
- Fortis price target raised to C$80 from C$79 at Scotiabank
- Fortis price target raised to C$80 from C$79 at RBC Capital
