BMO Capital Markets Issues Positive Forecast for Canadian Utilities (TSE:CU) Stock Price

Canadian Utilities (TSE:CU) had its price objective upped by BMO Capital Markets from C$42.00 to C$44.00 in a report released on Monday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 4.94% from the company’s previous close.

Separately, CIBC boosted their price objective on shares of Canadian Utilities from C$42.00 to C$43.00 in a report on Monday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Canadian Utilities has a consensus rating of “Hold” and a consensus price target of C$41.20.

Canadian Utilities Price Performance

Shares of TSE:CU traded up C$0.85 during trading on Monday, reaching C$41.93. The stock had a trading volume of 270,576 shares, compared to its average volume of 523,187. Canadian Utilities has a 1-year low of C$33.19 and a 1-year high of C$42.19. The stock has a market cap of C$11.40 billion, a PE ratio of 25.57, a PEG ratio of 2.38 and a beta of 0.47. The business has a fifty day moving average price of C$38.81 and a 200-day moving average price of C$38.29. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63.

Canadian Utilities Company Profile

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico.