Canadian Utilities (TSE:CU) Price Target Raised to C$40.00

Canadian Utilities (TSE:CU) had its price objective hoisted by investment analysts at CIBC from C$38.00 to C$40.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 8.40% from the company’s current price.

Separately, Scotiabank increased their price objective on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th.

Canadian Utilities Stock Performance

Shares of Canadian Utilities stock traded down C$1.01 during trading hours on Friday, reaching C$36.90. The company’s stock had a trading volume of 278,140 shares, compared to its average volume of 519,474. The stock has a market cap of C$7.54 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. Canadian Utilities has a one year low of C$29.15 and a one year high of C$38.37. The company’s 50 day simple moving average is C$34.92 and its 200 day simple moving average is C$35.16. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63.

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.