Canadian Utilities (TSE:CU) Price Target Cut to C$34.00 by Analysts at CIBC

Canadian Utilities (TSE:CU - Get Free Report) had its price objective lowered by equities research analysts at CIBC from C$35.00 to C$34.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a "neutral" rating on the stock. CIBC's target price would indicate a potential upside of 12.58% from the stock's current price.

Canadian Utilities Trading Up 1.3 %

CU traded up C$0.38 during trading on Friday, reaching C$30.20. 243,006 shares of the company's stock were exchanged, compared to its average volume of 500,737. 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 fifty-two week low of C$28.13 and a fifty-two week high of C$39.87. The company's fifty day moving average price is C$30.50 and its 200-day moving average price is C$30.69. The firm has a market capitalization of C$6.17 billion, a PE ratio of 12.96, a P/E/G ratio of 2.38 and a beta of 0.60.

Canadian Utilities (TSE:CU - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.71 earnings per share for the quarter, topping analysts' consensus estimates of C$0.69 by C$0.02. Canadian Utilities had a net margin of 18.63% and a return on equity of 10.08%. The company had revenue of C$974.00 million for the quarter. As a group, equities analysts forecast that Canadian Utilities will post 2.3547141 EPS for the current year.

Insiders Place Their Bets

In other Canadian Utilities news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$30.77, for a total transaction of C$1,544,530.92. Corporate insiders own 38.21% of the company's stock.

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.