Crius Energy Trust (TSE:KWH.UN) has received an average rating of “Buy” from the six research firms that are presently covering the firm. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$11.42.
Several equities analysts recently issued reports on the company. Desjardins dropped their price target on Crius Energy Trust from C$14.00 to C$13.50 and set a “buy” rating on the stock in a research report on Thursday, August 18th. Canaccord Genuity boosted their target price on Crius Energy Trust from C$11.25 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. National Bank Financial reiterated an “outperform” rating and set a C$10.00 target price on shares of Crius Energy Trust in a research report on Wednesday, October 12th. Scotiabank reiterated a “sector perform” rating and set a C$10.00 target price on shares of Crius Energy Trust in a research report on Tuesday, September 27th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a C$11.00 target price on shares of Crius Energy Trust in a research report on Wednesday, July 20th.
The company also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be issued a $0.0632 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of Infinity. This is a boost from Crius Energy Trust’s previous monthly dividend of $0.06.
Crius Energy Trust Company Profile
Crius Energy Trust (the Trust) is a Canada-based open-ended limited purpose trust. The Trust has been established to provide investors with a distribution-producing investment through its 26.8% ownership interest in Crius Energy, LLC by the Trust’s indirect wholly owned subsidiary, Crius Energy Corporation (US Holdco).
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