Canadian Utilities (TSE:CU) Price Target Raised to C$40.00

Canadian Utilities (TSE:CU) had its price target hoisted by CIBC from C$38.00 to C$40.00 in a research report report published on Friday morning,BayStreet.CA reports.

Separately, Scotiabank 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 report on Thursday, February 13th.

Canadian Utilities Stock Performance

Shares of TSE CU opened at C$36.65 on Friday. The business’s 50-day simple moving average is C$34.97 and its 200-day simple moving average is C$35.17. 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 52 week low of C$29.15 and a 52 week high of C$38.37. The firm has a market cap of C$7.49 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 2.38 and a beta of 0.66.

Canadian Utilities Company Profile

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.