Scotiabank Lowers Canadian Utilities (TSE:CU) Price Target to C$33.00

Canadian Utilities (TSE:CU) had its target price lowered by equities research analysts at Scotiabank from C$35.00 to C$33.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 8.91% from the stock’s current price.

Separately, CIBC reduced their price target on shares of Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$35.29.

Canadian Utilities Trading Up 0.4 %

CU opened at C$30.30 on Monday. The company has a debt-to-equity ratio of 147.99, a current ratio of 1.01 and a quick ratio of 1.30. The company has a market cap of C$6.19 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The firm has a 50 day simple moving average of C$30.52 and a 200 day simple moving average of C$30.74. Canadian Utilities has a fifty-two week low of C$28.13 and a fifty-two week high of C$39.87.

Canadian Utilities (TSE:CU) last issued its earnings results on Thursday, February 29th. The company reported C$0.71 EPS for the quarter, beating the consensus estimate of C$0.69 by C$0.02. Canadian Utilities had a net margin of 18.63% and a return on equity of 10.08%. The firm had revenue of C$974.00 million during the quarter. On average, sell-side analysts anticipate that Canadian Utilities will post 2.3547141 earnings per share for the current year.

Insiders Place Their Bets

In other Canadian Utilities news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$30.77, for a total transaction of C$1,544,530.92. Insiders own 38.21% of the company’s stock.

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.