Canadian Utilities (TSE:CU) Price Target Increased to C$37.00 by Analysts at National Bankshares

Canadian Utilities (TSE:CUGet Rating) had its price target raised by stock analysts at National Bankshares from C$36.00 to C$37.00 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential downside of 3.01% from the stock’s current price.

Other analysts have also issued research reports about the company. TD Securities lowered Canadian Utilities from a “buy” rating to a “hold” rating and set a C$39.00 target price for the company. in a report on Friday, April 1st. CSFB upped their price target on shares of Canadian Utilities from C$39.00 to C$41.00 in a research note on Wednesday, April 13th. Credit Suisse Group upped their price target on shares of Canadian Utilities to C$41.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 13th. Royal Bank of Canada upped their price target on shares of Canadian Utilities from C$38.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, CIBC upped their price target on shares of Canadian Utilities from C$38.00 to C$40.00 in a research note on Thursday, April 21st. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$38.33.

Shares of CU traded down C$0.47 during mid-day trading on Monday, reaching C$38.15. The company’s stock had a trading volume of 610,506 shares, compared to its average volume of 699,278. The business has a fifty day moving average of C$37.59 and a 200 day moving average of C$36.25. The company has a market cap of C$10.28 billion and a price-to-earnings ratio of 31.51. Canadian Utilities has a 1 year low of C$33.86 and a 1 year high of C$39.80. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 140.27.

Canadian Utilities (TSE:CUGet Rating) last released its earnings results on Wednesday, February 23rd. The company reported C$0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.68 by C$0.03. The business had revenue of C$1.03 billion during the quarter. On average, analysts predict that Canadian Utilities will post 2.21 earnings per share for the current year.

About Canadian Utilities (Get Rating)

Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.

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