Royal Bank of Canada Raises Canadian Utilities (TSE:CU) Price Target to C$41.00

Canadian Utilities (TSE:CU) had its price target hoisted by analysts at Royal Bank of Canada from C$39.00 to C$41.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 10.01% from the stock’s current price.

Other analysts also recently issued research reports about the company. Scotiabank raised their price target on Canadian Utilities from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. CIBC raised their target price on Canadian Utilities from C$38.00 to C$40.00 in a research note on Friday, April 4th.

Canadian Utilities Price Performance

Shares of CU opened at C$37.27 on Thursday. Canadian Utilities has a 52 week low of C$29.15 and a 52 week high of C$38.67. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The firm has a market cap of C$7.61 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.38 and a beta of 0.66. The stock has a 50 day moving average of C$36.54 and a 200-day moving average of C$35.42.

About Canadian Utilities

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.