Canadian Utilities (TSE:CU) PT Set at C$40.00 by TD Securities

Canadian Utilities (TSE:CU - Get Free Report) received a C$40.00 price objective from research analysts at TD Securities in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' target price would suggest a potential upside of 7.21% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. CIBC raised their target price on shares of Canadian Utilities from C$38.00 to C$40.00 in a report on Friday, April 4th. Royal Bank Of Canada increased their price target on shares of Canadian Utilities from C$39.00 to C$41.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Canadian Utilities currently has an average rating of "Hold" and a consensus target price of C$38.83.

Canadian Utilities Price Performance

Shares of TSE CU traded down C$0.24 during midday trading on Friday, hitting C$37.31. The company had a trading volume of 104,047 shares, compared to its average volume of 539,552. The firm has a market capitalization of C$7.62 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. Canadian Utilities has a twelve month low of C$29.18 and a twelve month high of C$38.85. The business has a 50-day simple moving average of C$37.76 and a two-hundred day simple moving average of C$35.93. The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34.

Insider Activity

In related news, Senior Officer James Armstrong sold 1,258 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$37.98, for a total value of C$47,778.84. Following the completion of the sale, the insider now directly owns 136 shares in the company, valued at approximately C$5,165.28. The trade was a 90.24% decrease in their ownership of the stock. Insiders sold a total of 1,508 shares of company stock valued at $57,191 over the last quarter. Company insiders own 37.58% 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.

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