Canadian Utilities (TSE:CU) Stock Price Expected to Rise, National Bank Financial Analyst Says

Canadian Utilities (TSE:CU) had its target price upped by equities research analysts at National Bank Financial from C$43.00 to C$45.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential downside of 5.40% from the company’s current price.

A number of other brokerages have also weighed in on CU. Royal Bank Of Canada upped their price target on shares of Canadian Utilities from C$43.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Friday. BMO Capital Markets upped their target price on Canadian Utilities from C$42.00 to C$44.00 in a research report on Monday, November 10th. TD Securities increased their price target on Canadian Utilities from C$40.00 to C$41.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Scotiabank lifted their price target on Canadian Utilities from C$40.00 to C$43.00 in a research report on Tuesday, December 16th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Canadian Utilities from C$44.00 to C$45.00 in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$44.83.

Canadian Utilities Stock Performance

CU stock opened at C$47.57 on Friday. The company has a 50-day simple moving average of C$44.19 and a 200 day simple moving average of C$41.30. The company has a market capitalization of C$12.94 billion, a P/E ratio of 24.27, a PEG ratio of 2.38 and a beta of 0.61. The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34. Canadian Utilities has a fifty-two week low of C$34.10 and a fifty-two week high of C$48.36.

Canadian Utilities Company Profile

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.