Canadian Utilities Limited (TSE:CU) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Canadian Utilities Limited (TSE:CUGet Rating) have been given a consensus rating of “Hold” by the nine analysts that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$38.50.

Several brokerages have recently commented on CU. National Bankshares boosted their target price 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, May 2nd. CIBC lifted their price target on shares of Canadian Utilities from C$38.00 to C$40.00 in a report on Thursday, April 21st. CSFB lifted their price target on shares of Canadian Utilities from C$39.00 to C$41.00 in a report on Wednesday, April 13th. TD Securities lowered shares of Canadian Utilities from a “buy” rating to a “hold” rating and set a C$39.00 price target on the stock. in a report on Friday, April 1st. Finally, Royal Bank of Canada lifted their price target on shares of Canadian Utilities from C$38.00 to C$41.00 and gave the company a “sector perform” rating in a report on Friday, April 29th.

Shares of CU opened at C$39.86 on Friday. The firm has a 50-day moving average of C$38.95 and a 200-day moving average of C$36.86. Canadian Utilities has a one year low of C$33.86 and a one year high of C$40.79. The company has a market cap of C$10.74 billion and a PE ratio of 26.09. The company has a debt-to-equity ratio of 135.27, a current ratio of 1.30 and a quick ratio of 1.18.

Canadian Utilities (TSE:CUGet Rating) last posted its earnings results on Wednesday, February 23rd. The company reported C$0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.68 by C$0.03. The company had revenue of C$1.03 billion for the quarter. Analysts expect that Canadian Utilities will post 2.2399999 earnings per share for the current year.

In related news, Director Brian P. Shkrobot sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of C$39.21, for a total value of C$58,815.00. Following the sale, the director now directly owns 9,331 shares of the company’s stock, valued at C$365,868.51. Insiders have sold 1,700 shares of company stock valued at $66,791 in the last quarter.

Canadian Utilities Company Profile (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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Analyst Recommendations for Canadian Utilities (TSE:CU)

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