Scotiabank Issues Positive Forecast for Canadian Utilities (TSE:CU) Stock Price

Canadian Utilities (TSE:CU) had its price target lifted by Scotiabank from C$37.00 to C$38.00 in a research note released on Thursday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Separately, Royal Bank of Canada raised their price objective on shares of Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th.

Canadian Utilities Stock Up 0.6 %

TSE:CU opened at C$34.20 on Thursday. The firm has a market cap of C$6.99 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.38 and a beta of 0.66. 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 has a fifty-two week low of C$29.15 and a fifty-two week high of C$37.10. The firm has a 50-day simple moving average of C$34.52 and a two-hundred day simple moving average of C$34.60.

About Canadian Utilities

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.