Shares of Canadian Utilities Limited (TSE:CU - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$49.74 and traded as high as C$53.27. Canadian Utilities shares last traded at C$53.22, with a volume of 563,652 shares traded.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CU. National Bank Financial increased their price target on shares of Canadian Utilities from C$51.00 to C$55.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their price target on shares of Canadian Utilities from C$53.00 to C$55.00 in a research report on Thursday, July 30th. BMO Capital Markets upped their price objective on Canadian Utilities from C$50.00 to C$55.00 and gave the company a "market perform" rating in a report on Thursday, July 30th. Scotiabank lifted their target price on Canadian Utilities from C$50.00 to C$53.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 21st. Finally, TD upped their price target on Canadian Utilities from C$48.00 to C$52.00 and gave the company a "hold" rating in a research note on Thursday, July 30th. Seven research 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$53.57.
View Our Latest Analysis on Canadian Utilities
Canadian Utilities Stock Performance
The firm's 50 day moving average is C$53.13 and its two-hundred day moving average is C$49.74. The stock has a market capitalization of C$14.49 billion, a PE ratio of 332.62, a P/E/G ratio of 2.38 and a beta of 0.55. The company has a debt-to-equity ratio of 184.88, a quick ratio of 1.30 and a current ratio of 1.80.
Canadian Utilities (TSE:CU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.51 EPS for the quarter. The company had revenue of C$914.00 million during the quarter. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. As a group, research analysts predict that Canadian Utilities Limited will post 2.4063556 earnings per share for the current year.
About Canadian Utilities
(
Get Free Report)
Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company's main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.
Further Reading
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