Caribbean Utilities (TSE:CUP.U) had its target price raised by research analysts at TD Securities from C$13.00 to C$14.00 in a report issued on Wednesday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential downside of 7.22% from the stock’s previous close.
Separately, UBS Group raised Caribbean Utilities from a “sell” rating to a “neutral” rating and boosted their price target for the stock from C$12.00 to C$13.00 in a report on Thursday, November 29th.
CUP.U opened at C$15.09 on Wednesday.
Caribbean Utilities Company Profile
Caribbean Utilities Company, Ltd. engages in the electricity generation, transmission, and distribution activities in Grand Cayman, the Cayman Islands. The company generates electricity using diesel. As of December 31, 2017, it operated diesel generating units with an installed generating capacity of 161 megawatts; and 8 transformer substations with approximately 441 miles of land-based high-voltage transmission and distribution lines, and 15 miles of high-voltage submarine cable.
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