Canadian Utilities (OTCMKTS:CDUAF) Share Price Crosses Below 200-Day Moving Average of $28.05

Shares of Canadian Utilities Limited (OTCMKTS:CDUAF) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.05 and traded as low as $27.14. Canadian Utilities shares last traded at $27.29, with a volume of 420 shares changing hands.

CDUAF has been the topic of several recent research reports. Credit Suisse Group upped their price objective on Canadian Utilities from C$37.00 to C$38.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 1st. CIBC lifted their price objective on shares of Canadian Utilities from C$36.00 to C$37.00 and gave the company a “neutral” rating in a report on Wednesday, July 21st. Royal Bank of Canada increased their target price on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Friday, July 30th. National Bank Financial lifted their price target on Canadian Utilities from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 3rd. Finally, UBS Group raised Canadian Utilities from a “sell” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Friday, July 30th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.71.

The company’s 50-day moving average price is $28.11 and its 200-day moving average price is $28.05.

About Canadian Utilities (OTCMKTS:CDUAF)

Canadian Utilities Ltd. engages in the provision of business solutions to companies in the utilities, energy, structures and logistics, and technologies sector. It operates through the following business units: Electricity, Pipelines & Liquids, and Corporate & Other. The Electricity segment delivers electricity generation, transmission, distribution, and related infrastructure solutions.

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