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$35.88 and traded as high as C$38.01. Canadian Utilities shares last traded at C$37.66, with a volume of 161,503 shares trading hands.
Analyst Ratings Changes
A number of research analysts have issued reports on CU shares. Royal Bank Of Canada upped 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. CIBC upped their price objective on Canadian Utilities from C$38.00 to C$40.00 in a research note on Friday, April 4th.
View Our Latest Stock Report on CU
Canadian Utilities Trading Down 0.0%
The stock has a market cap of C$7.69 billion, a PE ratio of 20.34, a P/E/G ratio of 2.38 and a beta of 0.66. The firm has a 50-day simple moving average of C$37.71 and a 200-day simple moving average of C$35.89. 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 Buying and Selling
In related news, Senior Officer James Armstrong sold 1,258 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$37.98, for a total value of C$47,778.84. Following the sale, the insider now owns 136 shares in the company, valued at approximately C$5,165.28. This trade represents a 90.24% decrease in their ownership of the stock. Over the last quarter, insiders have sold 1,608 shares of company stock worth $60,786. Corporate insiders own 37.58% of the company's stock.
About Canadian Utilities
(
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.
Further Reading
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