Canadian Utilities (OTCMKTS:CDUAF) Stock Price Crosses Below 200 Day Moving Average of $28.16

Canadian Utilities Limited (OTCMKTS:CDUAF) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $28.16 and traded as low as $27.73. Canadian Utilities shares last traded at $27.83, with a volume of 1,042 shares.

Several equities research analysts have weighed in on the company. UBS Group upgraded Canadian Utilities from a “sell” rating to a “neutral” rating and set a $35.00 target price for the company in a research note on Friday, July 30th. They noted that the move was a valuation call. Credit Suisse Group increased their price target on Canadian Utilities from C$37.00 to C$38.00 and gave the company a “neutral” rating in a research note on Wednesday, September 1st. National Bank Financial increased their price target on Canadian Utilities from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 3rd. CIBC increased their price target on Canadian Utilities from C$36.00 to C$37.00 and gave the company a “neutral” rating in a research note on Wednesday, July 21st. Finally, Royal Bank of Canada increased their price target on Canadian Utilities from C$37.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Friday, July 30th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.71.

The stock has a fifty day simple moving average of $27.85 and a two-hundred day simple moving average of $28.16.

Canadian Utilities Company Profile (OTCMKTS:CDUAF)

Canadian Utilities Ltd. engages in the provision of business solutions to companies in the utilities, energy, structures and logistics, and technologies sector. It operates through the following business units: Electricity, Pipelines & Liquids, and Corporate & Other. The Electricity segment delivers electricity generation, transmission, distribution, and related infrastructure solutions.

Recommended Story: How does the Beige Book influence monetary policy?

Receive News & Ratings for Canadian Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Utilities and related companies with MarketBeat.com's FREE daily email newsletter.