Canadian Utilities (TSE:CU) Price Target Raised to C$38.00

Canadian Utilities (TSE:CU) had its price objective increased by equities research analysts at Scotiabank from C$37.00 to C$38.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 10.79% from the stock’s current price.

Separately, Royal Bank of Canada lifted their target price on Canadian Utilities from C$38.00 to C$39.00 in a research report on Friday, November 15th.

Canadian Utilities Trading Up 0.9 %

Canadian Utilities stock traded up C$0.31 during trading hours on Thursday, hitting C$34.30. The company had a trading volume of 130,067 shares, compared to its average volume of 525,655. The firm has a market cap of C$7.01 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.38 and a beta of 0.66. The company has a 50-day moving average price of C$34.52 and a two-hundred day moving average price of C$34.60. Canadian Utilities has a 1 year low of C$29.15 and a 1 year high of C$37.10. 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.