Canadian Utilities (TSE:CU) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Canadian Utilities shares have recently crossed above their 200-day moving average at C$37.80, with the stock last trading at C$38.78.
• Analysts, including TD Securities, have upgraded the stock to a "hold" rating and set a target price of C$40.00.
• The company has a market capitalization of C$10.54 billion and operates primarily in Canada and Australia.

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$37.80 and traded as high as C$38.81. Canadian Utilities shares last traded at C$38.78, with a volume of 754,942 shares traded.

Analysts Set New Price Targets

Separately, TD Securities upgraded shares of Canadian Utilities to a "hold" rating and set a C$40.00 target price for the company in a report on Friday, June 27th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$39.75.

Canadian Utilities Price 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 company's 50-day simple moving average is C$38.25 and its 200-day simple moving average is C$37.80. The stock has a market capitalization of C$10.54 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 2.38 and a beta of 0.46.

Canadian Utilities Company Profile

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.

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