Fortis (TSE:FTS) Given a C$67.00 Price Target by Jefferies Financial Group Analysts

Fortis (TSE:FTS) received a C$67.00 target price from research analysts at Jefferies Financial Group in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 6.42% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. CIBC lifted their price target on shares of Fortis from C$63.00 to C$64.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Raymond James downgraded Fortis from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, Fortis has an average rating of “Hold” and a consensus target price of C$61.80.

Fortis Stock Up 0.4 %

TSE FTS traded up C$0.26 during trading hours on Thursday, hitting C$62.96. The company had a trading volume of 1,366,658 shares, compared to its average volume of 1,516,165. The firm’s 50 day moving average is C$60.71 and its 200 day moving average is C$60.46. The company has a market capitalization of C$31.15 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 3.01 and a beta of 0.23. Fortis has a fifty-two week low of C$51.02 and a fifty-two week high of C$63.75. The company has a debt-to-equity ratio of 142.31, a current ratio of 0.74 and a quick ratio of 0.36.

Insider Activity

In other Fortis news, Senior Officer Jocelyn Perry sold 11,809 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of C$63.19, for a total value of C$746,178.83. Insiders own 0.04% of the company’s stock.

About Fortis

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.