Canadian Utilities Limited (TSE:CU - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$35.80 and traded as high as C$37.87. Canadian Utilities shares last traded at C$37.67, with a volume of 178,490 shares.
Wall Street Analyst Weigh In
A number of analysts recently commented on CU shares. Royal Bank of Canada increased their price objective on Canadian Utilities from C$39.00 to C$41.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Scotiabank upped their target price on Canadian Utilities from C$37.00 to C$38.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Finally, CIBC raised their price objective on Canadian Utilities from C$38.00 to C$40.00 in a report on Friday, April 4th.
Read Our Latest Research Report on CU
Canadian Utilities Stock Performance
The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30. The stock has a 50-day moving average price of C$37.36 and a 200-day moving average price of C$35.80. The firm has a market capitalization of C$7.77 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66.
Insider Activity
In related news, Senior Officer James Armstrong sold 1,258 shares of Canadian Utilities stock in a transaction dated Friday, May 9th. The stock was sold at an average price of C$37.98, for a total transaction of C$47,778.84. Following the transaction, the insider now directly owns 136 shares of the company's stock, valued at C$5,165.28. The trade was a 90.24% decrease in their ownership of the stock. In the last three months, insiders sold 1,908 shares of company stock valued at $71,135. Company insiders own 37.58% of the company's stock.
Canadian Utilities Company Profile
(
Get Free Report)
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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