Canadian Utilities Limited (CU.TO) (TSE:CU) had its price target lowered by CIBC from C$37.00 to C$36.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.

A number of other brokerages have also issued reports on CU. Royal Bank of Canada cut their price target on shares of Canadian Utilities Limited (CU.TO) from C$38.00 to C$37.00 and set a sector perform rating on the stock in a report on Friday, October 30th. BMO Capital Markets cut their price target on shares of Canadian Utilities Limited (CU.TO) from C$36.00 to C$35.00 in a report on Friday, October 30th. National Bank Financial cut their price target on shares of Canadian Utilities Limited (CU.TO) from C$38.00 to C$36.00 and set a sector perform rating on the stock in a report on Sunday, November 8th. TD Securities cut their price target on shares of Canadian Utilities Limited (CU.TO) from C$40.00 to C$38.00 and set a buy rating on the stock in a report on Friday, October 30th. Finally, CSFB set a C$37.50 price target on shares of Canadian Utilities Limited (CU.TO) and gave the stock an outperform rating in a report on Wednesday, October 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of C$36.38.

CU stock opened at C$31.36 on Wednesday. The company has a debt-to-equity ratio of 135.49, a quick ratio of 1.62 and a current ratio of 1.75. Canadian Utilities Limited has a 52 week low of C$0.03 and a 52 week high of C$42.97. The firm’s fifty day moving average is C$31.65 and its 200 day moving average is C$32.58. The firm has a market cap of C$8.57 billion and a P/E ratio of 21.05.

Canadian Utilities Limited (CU.TO) (TSE:CU) last released its earnings results on Thursday, October 29th. The company reported C$0.28 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.28. The business had revenue of C$727.00 million for the quarter. As a group, analysts forecast that Canadian Utilities Limited will post 2.0400001 EPS for the current year.

Canadian Utilities Limited (CU.TO) Company Profile

Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy businesses worldwide. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment provides electricity generation, transmission, and distribution; and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, in Canada, as well as in Australia and Mexico.

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Analyst Recommendations for Canadian Utilities Limited (CU.TO) (TSE:CU)

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