Fortis (TSE:FTS - Get Free Report) had its price objective raised by Jefferies Financial Group from C$67.00 to C$70.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group's target price points to a potential upside of 4.95% from the stock's current price.
Several other research analysts also recently weighed in on FTS. Scotiabank increased their price target on shares of Fortis from C$63.00 to C$66.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. CIBC upped their price target on Fortis from C$65.00 to C$68.00 in a research report on Friday, April 4th. Royal Bank of Canada lifted their price objective on Fortis from C$65.00 to C$69.00 in a research report on Tuesday, February 18th. Raymond James raised their target price on shares of Fortis from C$61.00 to C$62.50 in a research note on Tuesday, February 18th. Finally, UBS Group lifted their price target on shares of Fortis from C$58.00 to C$63.00 in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$63.05.
View Our Latest Stock Analysis on FTS
Fortis Stock Performance
Shares of FTS traded up C$0.63 during trading hours on Monday, hitting C$66.70. The stock had a trading volume of 2,695,371 shares, compared to its average volume of 1,785,992. Fortis has a 12 month low of C$51.59 and a 12 month high of C$67.52. The stock has a fifty day moving average price of C$64.14 and a 200 day moving average price of C$62.09. The company has a debt-to-equity ratio of 142.31, a current ratio of 0.74 and a quick ratio of 0.36. The firm has a market capitalization of C$33.00 billion, a PE ratio of 19.80, a PEG ratio of 3.01 and a beta of 0.23.
About Fortis
(
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Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S.
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