Alterra Power Corp (TSE:AXY) shares reached a new 52-week high during trading on Tuesday after Canaccord Genuity upgraded the stock from a speculative buy rating to a buy rating. The stock traded as high as C$7.94 and last traded at C$7.83, with a volume of 1,309,127 shares. The stock had previously closed at C$5.06.
Separately, Royal Bank Of Canada lifted their price target on Alterra Power Corp from C$6.00 to C$8.25 and gave the stock a “sector perform” rating in a report on Tuesday.
The company’s market cap is $457.13 million. The stock’s 50 day moving average is $5.32 and its 200 day moving average is $5.39.
COPYRIGHT VIOLATION WARNING: “Alterra Power Corp (AXY) Sets New 52-Week High Following Analyst Upgrade” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.com-unik.info/2017/11/01/alterra-power-corp-axy-sets-new-52-week-high-following-analyst-upgrade.html.
Alterra Power Corp Company Profile
Alterra Power Corp. is a leading global renewable energy company.
What are top analysts saying about Alterra Power Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alterra Power Corp and related companies.