Canadian Utilities (TSE:CU) Price Target Increased to C$38.00 by Analysts at CIBC

Canadian Utilities (TSE:CU – Get Rating) had its price objective hoisted by CIBC from C$37.00 to C$38.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Several other equities analysts have also recently issued reports on CU. National Bankshares dropped their price target on Canadian Utilities from C$40.00 to C$33.00 in a research report on Tuesday, October 25th. CSFB cut Canadian Utilities from an outperform rating to a neutral rating and dropped their price target for the company from C$41.50 to C$38.50 in a research report on Tuesday, October 25th. BMO Capital Markets boosted their price target on Canadian Utilities from C$38.00 to C$39.00 in a research report on Thursday, October 6th. Credit Suisse Group dropped their price target on Canadian Utilities to C$40.00 and set a neutral rating on the stock in a research report on Tuesday, October 25th. Finally, Royal Bank of Canada boosted their target price on Canadian Utilities from C$42.00 to C$43.00 and gave the stock a sector perform rating in a research report on Thursday, October 6th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of C$38.64.

Canadian Utilities Stock Up 0.5 %

Canadian Utilities stock opened at C$36.92 on Tuesday. Canadian Utilities has a fifty-two week low of C$33.24 and a fifty-two week high of C$41.94. The company has a debt-to-equity ratio of 138.64, a quick ratio of 1.30 and a current ratio of 1.51. The company has a market capitalization of C$9.96 billion and a P/E ratio of 16.86. The stock has a 50-day simple moving average of C$36.49 and a 200-day simple moving average of C$37.97.

Canadian Utilities (TSE:CU – Get Rating) last posted its earnings results on Thursday, October 27th. The company reported C$0.45 earnings per share for the quarter, beating the consensus estimate of C$0.39 by C$0.06. The firm had revenue of C$898.00 million during the quarter. Equities research analysts expect that Canadian Utilities will post 2.2899999 earnings per share for the current year.

About Canadian Utilities

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Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, and retail energy businesses in the United States, Australia, and internationally. 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.