Canadian Utilities (TSE:CU) Price Target Raised to C$35.00

Canadian Utilities (TSE:CU) had its target price lifted by equities researchers at CIBC from C$34.00 to C$35.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price points to a potential upside of 6.84% from the stock’s current price.

Several other equities research analysts have also recently commented on CU. National Bankshares increased their price target on Canadian Utilities from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a report on Tuesday. Scotiabank lifted their price target on Canadian Utilities from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a report on Monday, May 13th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$35.00.

Canadian Utilities Price Performance

CU traded down C$0.19 on Tuesday, hitting C$32.76. 287,482 shares of the company’s stock were exchanged, compared to its average volume of 489,347. The firm has a 50-day moving average price of C$30.68 and a 200-day moving average price of C$30.74. The stock has a market cap of C$6.70 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 2.38 and a beta of 0.60. The company has a current ratio of 1.03, a quick ratio of 1.30 and a debt-to-equity ratio of 145.09. Canadian Utilities has a fifty-two week low of C$28.13 and a fifty-two week high of C$33.13.

Canadian Utilities Company Profile

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.