Canadian Utilities (TSE:CU) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Canadian Utilities Limited (TSE:CU - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$35.17 and traded as high as C$36.04. Canadian Utilities shares last traded at C$36.00, with a volume of 942,947 shares.

Wall Street Analysts Forecast Growth

CU has been the subject of a number of research reports. Scotiabank raised their price target on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. CIBC increased their price objective on shares of Canadian Utilities from C$38.00 to C$40.00 in a report on Friday, April 4th.

Canadian Utilities Trading Up 1.2 %

The company has a market capitalization of C$7.68 billion, a P/E ratio of 20.32, a PEG ratio of 2.38 and a beta of 0.66. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The business has a 50 day moving average price of C$35.38 and a 200 day moving average price of C$35.20.

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.