Canadian Utilities Limited (TSE:CU - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$35.71 and traded as high as C$38.60. Canadian Utilities shares last traded at C$38.42, with a volume of 369,871 shares changing hands.
Wall Street Analyst Weigh In
CU has been the subject of several recent research reports. CIBC raised their price objective on Canadian Utilities from C$38.00 to C$40.00 in a research report on Friday, April 4th. Royal Bank of Canada raised 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 report on Thursday, May 8th. Finally, Scotiabank raised their price objective on Canadian Utilities from C$37.00 to C$38.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th.
Check Out Our Latest Analysis on CU
Canadian Utilities Trading Down 0.5%
The firm has a 50-day moving average price of C$37.34 and a 200-day moving average price of C$35.76. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63. The stock has a market cap of C$7.69 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66.
Insider Transactions at Canadian Utilities
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 value of C$47,778.84. Following the completion of the sale, the insider now directly owns 136 shares in the company, valued at approximately C$5,165.28. This trade represents a 90.24% decrease in their position. Insiders sold a total of 1,908 shares of company stock valued at $71,135 in the last quarter. 37.58% of the stock is owned by insiders.
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.
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