RBC Capital Reiterates Outperform Rating for Canadian Utilities Limited (CU)
Canadian Utilities Limited (TSE:CU)‘s stock had its “outperform” rating restated by equities researchers at RBC Capital in a research report issued on Tuesday. They currently have a C$43.00 price target on the stock, down from their previous price target of C$44.00. RBC Capital’s target price would indicate a potential upside of 6.89% from the company’s current price.
Canadian Utilities Limited (TSE:CU) traded up 0.57% on Tuesday, hitting $40.46. 41,090 shares of the company’s stock traded hands. Canadian Utilities Limited has a one year low of $33.47 and a one year high of $41.68. The stock’s 50-day moving average is $39. and its 200-day moving average is $39.40. The company has a market cap of $10.602 billion and a P/E ratio of 18.12.
Canadian Utilities Limited (TSE:CU) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.15. On average, analysts predict that Canadian Utilities Limited will post $2.27 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Canadian Utilities Limited from C$41.00 to C$44.00 in a research note on Tuesday. They now have an “equal weight” rating on the stock. Analysts at CIBC cut their price target on shares of Canadian Utilities Limited from C$44.00 to C$43.00 in a research note on Monday, July 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$43.00.
Canadian Utilities Limited is a holding company. The Company is engaged in Utilities (TSE:CU), Energy (power generation, natural gas gathering, processing, storage and liquids extraction), and Technologies (business systems solutions).
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