Canadian Utilities Limited (CU) Given Average Recommendation of “Hold” by Analysts
Canadian Utilities Limited (TSE:CU) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$40.14.
Several analysts recently commented on the company. National Bank Financial raised Canadian Utilities Limited from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, October 26th. TD Securities lifted their price objective on Canadian Utilities Limited from C$37.00 to C$39.00 and gave the stock a “hold” rating in a report on Thursday, July 28th. Barclays PLC cut their price objective on Canadian Utilities Limited from C$38.00 to C$36.00 and set an “underweight” rating for the company in a report on Wednesday, October 12th. CSFB lifted their price objective on Canadian Utilities Limited from C$38.00 to C$42.00 in a report on Monday, July 25th. Finally, RBC Capital Markets lifted their price objective on Canadian Utilities Limited from C$37.00 to C$42.00 in a report on Thursday, July 28th.
Shares of Canadian Utilities Limited (TSE:CU) opened at 36.50 on Wednesday. Canadian Utilities Limited has a 12-month low of $29.49 and a 12-month high of $40.78. The stock has a market cap of $9.79 billion and a PE ratio of 24.46. The firm has a 50 day moving average price of $37.14 and a 200 day moving average price of $37.68.
Canadian Utilities Limited Company Profile
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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