Canadian Utilities (TSE:CU) Price Target Raised to C$49.00

Canadian Utilities (TSE:CU) had its target price lifted by analysts at Royal Bank Of Canada from C$43.00 to C$49.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 2.77% from the company’s previous close.

Other analysts have also recently issued reports about the company. National Bank Financial upped their price objective on Canadian Utilities from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. TD Securities boosted their price target on shares of Canadian Utilities from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Canadian Imperial Bank of Commerce increased their price objective on shares of Canadian Utilities from C$44.00 to C$45.00 in a research report on Wednesday, January 21st. Scotiabank lifted their price objective on shares of Canadian Utilities from C$40.00 to C$43.00 in a research note on Tuesday, December 16th. Finally, BMO Capital Markets boosted their target price on shares of Canadian Utilities from C$42.00 to C$44.00 in a report on Monday, November 10th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$44.83.

Canadian Utilities Price Performance

Shares of CU stock traded up C$0.91 during trading hours on Friday, hitting C$47.68. The stock had a trading volume of 698,538 shares, compared to its average volume of 557,869. The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30. The stock has a market capitalization of C$12.96 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.38 and a beta of 0.61. Canadian Utilities has a one year low of C$34.10 and a one year high of C$48.36. The stock’s 50-day moving average price is C$44.08 and its two-hundred day moving average price is C$41.22.

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. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.