Canadian Utilities Limited (TSE:CU) has been given a C$38.00 target price by research analysts at Desjardins in a report issued on Thursday. The brokerage currently has a “hold” rating on the stock. Desjardins’ price objective would suggest a potential upside of 4.11% from the stock’s current price.

Several other equities research analysts also recently weighed in 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 research report on Wednesday, October 26th. TD Securities upped their target price on Canadian Utilities Limited from C$39.00 to C$40.00 and gave the stock a “hold” rating in a research report on Thursday, October 27th. Barclays PLC upped their target price on Canadian Utilities Limited from C$36.00 to C$37.00 and gave the stock an “underweight” rating in a research report on Thursday, October 27th. Royal Bank Of Canada decreased their target price on Canadian Utilities Limited from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Thursday, October 27th. Finally, RBC Capital Markets upped their target price on Canadian Utilities Limited from C$37.00 to C$42.00 in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$40.33.

Analyst Recommendations for Canadian Utilities Limited (TSE:CU)

Canadian Utilities Limited (TSE:CU) traded down 1.29% on Thursday, reaching $36.03. The company’s stock had a trading volume of 87,190 shares. The firm’s 50 day moving average price is $37.13 and its 200-day moving average price is $37.70. The company has a market capitalization of $9.66 billion and a price-to-earnings ratio of 24.15. Canadian Utilities Limited has a 52 week low of $29.49 and a 52 week high of $40.78.

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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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