Canadian Utilities Limited (TSE:CU – Get Rating) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$38.50.
Several research firms have recently issued reports on CU. National Bankshares lifted their price objective on shares of Canadian Utilities from C$36.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Monday. Credit Suisse Group lifted their price target on shares of Canadian Utilities to C$41.00 and gave the company a “neutral” rating in a report on Wednesday, April 13th. CSFB increased their price objective on shares of Canadian Utilities from C$39.00 to C$41.00 in a report on Wednesday, April 13th. Royal Bank of Canada lifted their target price on Canadian Utilities from C$38.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Friday, April 29th. Finally, CIBC increased their price target on Canadian Utilities from C$38.00 to C$40.00 in a research note on Thursday, April 21st.
Shares of Canadian Utilities stock opened at C$38.03 on Wednesday. The company has a market capitalization of C$7.50 billion and a price-to-earnings ratio of 31.43. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 140.27. The stock’s 50-day simple moving average is C$37.72 and its 200-day simple moving average is C$36.30. Canadian Utilities has a 52 week low of C$33.86 and a 52 week high of C$39.80.
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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