Caribbean Utilities (TSE:CUP.U - Free Report) had its price objective raised by TD Securities from C$13.00 to C$14.00 in a research report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Caribbean Utilities Stock Performance
TSE CUP.U traded down C$0.02 on Tuesday, hitting C$13.99. 1,757 shares of the company's stock traded hands, compared to its average volume of 2,583. The firm has a market capitalization of C$532.88 million, a PE ratio of 14.00, a P/E/G ratio of 3.00 and a beta of 0.45. Caribbean Utilities has a 1-year low of C$10.54 and a 1-year high of C$14.35. The firm's 50-day moving average price is C$13.45 and its two-hundred day moving average price is C$12.06. The company has a current ratio of 0.57, a quick ratio of 0.27 and a debt-to-equity ratio of 123.09.
Caribbean Utilities Company Profile
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Caribbean Utilities Company, Ltd. engages in the electricity generation, transmission, and distribution activities in Grand Cayman, the Cayman Islands. The company generates electricity using diesel. As of December 31, 2018, it operated diesel generating units with an installed generating capacity of 161 megawatts; and 8 transformer substations with approximately 441 miles of land-based high-voltage transmission and distribution lines, and 15 miles of high-voltage submarine cable.
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