Fortis (TSE:FTS) PT Set at C$67.00 by Jefferies Financial Group

Fortis (TSE:FTS) has been assigned a C$67.00 target price by stock analysts at Jefferies Financial Group in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 5.28% from the company’s current price.

A number of other analysts also recently issued reports on the company. CIBC lifted their target price on Fortis from C$63.00 to C$64.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Raymond James lowered Fortis from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$61.80.

Fortis Stock Up 1.2 %

Fortis stock opened at C$63.64 on Thursday. The company has a fifty day simple moving average of C$60.71 and a 200 day simple moving average of C$60.51. The company has a current ratio of 0.74, a quick ratio of 0.36 and a debt-to-equity ratio of 142.31. Fortis has a 1-year low of C$51.02 and a 1-year high of C$64.39. The company has a market cap of C$31.48 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 3.01 and a beta of 0.23.

Insider Buying and Selling at Fortis

In related news, Senior Officer Jocelyn Perry sold 11,809 shares of the company’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.

Fortis Company Profile

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.