Analysts at RBC Capital lowered their price target on shares of Atlantic Power (TSE: ATP) from $9.00 to $7.00 in a research report issued to clients and investors on Monday. The firm currently has an “underperform” rating on the stock.

A number of other analysts have also recently weighed in on ATP. Analysts at TD Securities cut their price target on shares of Atlantic Power from $12.50 to $7.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Atlantic Power from $12.00 to $7.00 in a research note to investors on Monday. They now have an “underperform” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Atlantic Power from $12.00 to $7.50 in a research note to investors on Monday. They now have a “sector perform” rating on the stock.

Atlantic Power traded down 10.68% on Monday, hitting $6.52. Atlantic Power has a 52-week low of $6.27 and a 52-week high of $15.12. The stock’s 50-day moving average is currently $11.81. The company’s market cap is $778.1 million.

The company also recently declared a feb 13 dividend, which is scheduled for Thursday, March 28th. Investors of record on Thursday, February 28th will be given a dividend of $0.10 per share.

Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation and infrastructure assets in the United States and Canada.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.