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CIBC raises its price target on Fortis (TSE:FTS) to C$57.00.

CIBC raises its price target on Fortis (TSE:FTS) to C$57.00.

According to BayStreet.CA, CIBC analysts raised their price objective on Fortis (TSE: FTS) from $55.00 to $57.00 in a research note distributed to clients and investors on Tuesday. The note was about the company’s stock. If the stock were to reach the price target that CIBC had set, the value of the stock would increase by an amount that is 3.71 percentage points relative to where it is trading at the moment.

There have been comments from several other brokerages on FTS as well. JPMorgan Chase & Co. concluded in a research report published on Thursday, October 20, that the appropriate price target for Fortis should be reduced from $60.00 to $54.00. CSFB published a research report on Tuesday, October 25, in which they lowered their target price on Fortis from C$62.00 (Canadian Dollars) to C$56.50. CSFB changed this in response to recent market events (the Canadian dollar). On Friday, November 18 November 18, UBS Group published a research report stating that they had decreased their target price for Fortis from C$53.00 (Canadian Dollars) to C$4900 (Canadian Dollars). Fortis was the subject of a research report produced by TD Securities on October 31. The report included a “buy” rating and a target price reduction from C$65.00 to C$63.00. On Monday, the study was made available to the general public. The target price that Scotiabank has established for Fortis has decreased from C$63.00 to C$57.00, as stated in a research report that was made public on Thursday, October 20. This modification was done to the stock of the company. Three financial analysts have given the company a buy rating; six have recommended that investors maintain their current holdings; and one has suggested that shareholders sell their shares. Fortis currently has an average ” hold ” rating on Bloomberg.com, and the website’s price target for the company is set at C$57.19.

The price of an individual share of FTS stock was $0.11 lower on Tuesday, bringing the total to 54.96 Canadian dollars per share. The typical volume of the company’s shares is 1,009,481, so the number of shares traded today was significantly lower than that. As a result, there were only 244,665 shares traded. The company’s market value is calculated to be 26.40 billion Canadian dollars, and the company’s price-to-earnings ratio is calculated to be 20.37. The stock price has been trading at a moving average of $54.15 over the past 50 trading days, while the price has been trading at an average of $56.27 over the last 200 trading days. There is a debt-to-equity ratio that is equal to 126.67, a quick ratio that is equal to 0.36, a current ratio that is equal to 0.62, and a quick ratio that is equal to 0.36. Throughout the year, the price of Fortis moves between the ranges of $48.45 and $65.26 at several different points.

On Friday, October 28 October 28, the Canadian stock exchange company Fortis (TSE: FTS) announced to the general public its most recent quarterly earnings. The company’s quarterly profits came in significantly higher than the consensus forecast of C$0.68, which stood at C$0.68. The profits per share came in at C$0.71, which was significantly higher than C$0.68. The revenue for the quarter came in at C$2.55 billion, which was significantly higher than the estimate that analysts had for the revenue of C$2.35 billion. The company’s profits were significantly higher than the consensus forecast of C$0.68, which stood at C$0.68. The profits per share came in at C$0.71, which was significantly higher than C$0.68. The revenue for the quarter came in at C$2.55 billion, which was significantly higher than the estimate that analysts had for the revenue of C$2.35 billion. The analysts specializing in equity research anticipate that Fortis will bring in profits of $2.98 per share during the current financial year.

The provision of electric and gas utilities is Fortis Inc.’s primary line of business, and the company maintains operations in the Caribbean, the United States, and Canada. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeast Arizona and 100,000 retail customers in Mohave and Santa Cruz in Arizona, using a total capacity of 3,485 megawatts. The utility serves these customers. In addition, the company’s retail division caters to the needs of these customers (MW).

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