TD Securities Issues Positive Forecast for Canadian Utilities (TSE:CU) Stock Price

Canadian Utilities (TSE:CU) had its target price increased by TD Securities from C$41.00 to C$47.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research firms have also recently commented on CU. BMO Capital Markets lifted their target price on shares of Canadian Utilities from C$42.00 to C$44.00 in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Canadian Utilities from C$45.00 to C$47.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Royal Bank Of Canada boosted their price objective on shares of Canadian Utilities from C$43.00 to C$49.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. National Bank Financial raised their target price on Canadian Utilities from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Finally, Scotiabank lifted their price target on Canadian Utilities from C$40.00 to C$43.00 in a research report on Tuesday, December 16th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Canadian Utilities currently has an average rating of “Hold” and a consensus price target of C$45.83.

Canadian Utilities Trading Up 1.1%

Canadian Utilities stock opened at C$47.95 on Tuesday. The company has a debt-to-equity ratio of 194.86, a quick ratio of 1.30 and a current ratio of 1.56. The stock has a market cap of C$13.04 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 2.38 and a beta of 0.61. The stock has a 50-day moving average of C$44.42 and a two-hundred day moving average of C$41.46. Canadian Utilities has a one year low of C$34.11 and a one year high of C$48.36.

About Canadian Utilities

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.