Canadian Utilities Limited (TSE:CU – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$39.95 and last traded at C$39.85, with a volume of 721486 shares changing hands. The stock had previously closed at C$39.73.
Wall Street Analyst Weigh In
Separately, TD Securities upgraded shares of Canadian Utilities to a “hold” rating and set a C$40.00 price target for the company in a research report on Friday, June 27th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Canadian Utilities presently has an average rating of “Hold” and a consensus target price of C$39.75.
Check Out Our Latest Research Report on CU
Canadian Utilities Trading Up 1.2%
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.
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