Investment analysts at Desjardins started coverage on shares of Fortis (NYSE:FTS) in a research report issued to clients and investors on Friday, The Fly reports. The brokerage set a “buy” rating on the stock.
Separately, National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Fortis in a research report on Monday, November 7th.
Fortis (NYSE:FTS) opened at 30.25 on Friday. Fortis has a 12-month low of $24.63 and a 12-month high of $34.66. The firm has a market cap of $12.09 billion and a PE ratio of 21.68. The firm has a 50-day moving average price of $31.41 and a 200 day moving average price of $32.17.
The business also recently announced a dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 18th will be given a $0.298 dividend. The ex-dividend date of this dividend is Wednesday, November 16th.