Canadian Utilities (TSE:CU) PT Raised to C$34.00

Canadian Utilities (TSE:CU - Get Free Report) had its price objective lifted by analysts at Scotiabank from C$33.00 to C$34.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's target price points to a potential upside of 6.72% from the stock's current price.

Separately, CIBC cut their target price on Canadian Utilities from C$35.00 to C$34.00 and set a "neutral" rating on the stock in a research note on Friday, April 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$35.43.

Canadian Utilities Trading Up 0.1 %

CU stock traded up C$0.03 during mid-day trading on Monday, reaching C$31.86. 860,604 shares of the stock traded hands, compared to its average volume of 514,313. The business has a 50-day moving average price of C$30.62 and a two-hundred day moving average price of C$30.88. The stock has a market capitalization of C$6.51 billion, a PE ratio of 13.67, a PEG ratio of 2.38 and a beta of 0.60. The company has a debt-to-equity ratio of 147.99, a quick ratio of 1.30 and a current ratio of 1.01. Canadian Utilities has a one year low of C$28.13 and a one year high of C$39.53.

Canadian Utilities (TSE:CU - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.71 EPS for the quarter, topping the consensus estimate of C$0.69 by C$0.02. The company had revenue of C$974.00 million for the quarter. Canadian Utilities had a net margin of 18.63% and a return on equity of 10.08%. Equities research analysts expect that Canadian Utilities will post 2.3387215 EPS for the current year.

Insider Buying and Selling

In related news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of Canadian Utilities stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$30.77, for a total value of C$1,544,530.92. 37.97% of the stock is owned by company insiders.

Canadian Utilities Company Profile

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.