Today, Fortis Inc (FTS) Given “Buy” Rating at Desjardins

Today, Fortis Inc (FTS) Given “Buy” Rating at Desjardins
Desjardins reissued their buy rating on shares of Fortis Inc (TSE:FTS) in a research report report published on Thursday morning. They currently have a C$46.00 price objective on the stock.

FTS has been the topic of a number of other reports. CIBC upped their price target on Fortis from C$44.00 to C$47.00 in a report on Wednesday, September 28th. Raymond James Financial Inc. reaffirmed an outperform rating and set a C$50.00 price target on shares of Fortis in a report on Thursday, September 22nd. TD Securities upped their price target on Fortis from C$49.00 to C$50.00 and gave the company a buy rating in a report on Monday, November 7th. Scotiabank reaffirmed an outperform rating and set a C$48.00 price target on shares of Fortis in a report on Monday, November 7th. Finally, Royal Bank Of Canada upped their price target on Fortis from C$49.00 to C$50.00 and gave the company a buy rating in a report on Monday, November 7th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$46.80.

Fortis (TSE:FTS) opened at 40.52 on Thursday. The firm’s 50-day moving average price is $41.95 and its 200-day moving average price is $42.10. Fortis has a 12-month low of $35.51 and a 12-month high of $44.87. The stock has a market cap of $16.20 billion and a price-to-earnings ratio of 21.62.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 18th will be given a $0.40 dividend. This is a boost from Fortis’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, November 16th. This represents a $1.60 dividend on an annualized basis and a yield of 3.95%.

Related posts

Leave a Comment