Canadian Utilities (OTCMKTS:CDUAF) Share Price Passes Below 200-Day Moving Average of $26.25

Canadian Utilities Limited (OTCMKTS:CDUAF)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.25 and traded as low as $23.34. Canadian Utilities shares last traded at $23.37, with a volume of 1,791 shares trading hands.

Analyst Ratings Changes

CDUAF has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Canadian Utilities from C$43.00 to C$40.00 in a report on Friday, July 28th. National Bank Financial decreased their target price on Canadian Utilities from C$37.00 to C$36.00 in a research report on Monday, July 31st. BMO Capital Markets dropped their price target on shares of Canadian Utilities from C$39.00 to C$38.00 in a research note on Friday, July 28th. Scotiabank reduced their price objective on shares of Canadian Utilities from C$41.00 to C$40.00 in a research report on Friday, July 28th. Finally, CIBC dropped their target price on shares of Canadian Utilities from C$40.00 to C$38.00 in a research report on Friday, July 21st.

Canadian Utilities Stock Performance

The business’s 50-day moving average is $24.28 and its two-hundred day moving average is $26.25.

About Canadian Utilities

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.