Canadian Utilities Limited (CU) Receives Average Rating of “Hold” from Analysts
Canadian Utilities Limited (TSE:CU) has received an average rating of “Hold” from the eight ratings firms that are covering the company. Two equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have covered the stock in the last year is C$40.38.
CU has been the topic of a number of recent analyst reports. CSFB upped their price target on Canadian Utilities Limited from C$38.00 to C$42.00 in a research report on Monday, July 25th. National Bank Financial upped their price target on Canadian Utilities Limited from C$39.00 to C$43.00 in a research report on Monday, July 18th. BMO Capital Markets upped their price target on Canadian Utilities Limited from C$36.00 to C$40.00 in a research report on Thursday, July 7th. Barclays PLC set a C$36.00 price target on Canadian Utilities Limited in a research report on Friday, June 17th. Finally, RBC Capital Markets upped their price target on Canadian Utilities Limited from C$37.00 to C$42.00 in a research report on Thursday, July 28th.
Canadian Utilities Limited (TSE:CU) traded up 0.58% during trading on Wednesday, hitting $36.32. The stock had a trading volume of 55,478 shares. Canadian Utilities Limited has a 52-week low of $29.49 and a 52-week high of $40.78. The company’s 50 day moving average is $37.38 and its 200 day moving average is $37.40. The firm has a market cap of $9.72 billion and a PE ratio of 26.47.
About Canadian Utilities Limited
Canadian Utilities Limited is an ATCO company. The Company’s segments include Electricity, Pipelines & Liquids and Corporate & Other. The Electricity segment includes businesses of ATCO Electric, ATCO Power and ATCO Power Australia that provide power generation, distributed generation, and electricity distribution, transmission and infrastructure development in northern and central east Alberta, the Yukon, the Northwest Territories and Australia.
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