Canadian Utilities (TSE:CU) Price Target Raised to C$41.00 at Royal Bank of Canada

Canadian Utilities (TSE:CU) had its price objective hoisted by Royal Bank of Canada from C$39.00 to C$41.00 in a report issued on Thursday morning,BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other equities analysts also recently weighed in on CU. CIBC increased their price target on shares of Canadian Utilities from C$38.00 to C$40.00 in a report on Friday, April 4th. Scotiabank upped 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 research report on Thursday, February 13th.

Canadian Utilities Stock Down 1.0 %

Shares of CU opened at C$37.63 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34. The business has a fifty day moving average of C$36.50 and a 200 day moving average of C$35.41. Canadian Utilities has a 52-week low of C$29.15 and a 52-week high of C$38.67. The company has a market cap of C$7.69 billion, a PE ratio of 20.33, a P/E/G ratio of 2.38 and a beta of 0.66.

About Canadian Utilities

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.