Barclays PLC Cuts Canadian Utilities Limited (CU) Price Target to C$36.00
Canadian Utilities Limited (TSE:CU) had its price objective lowered by investment analysts at Barclays PLC from C$38.00 to C$36.00 in a report issued on Wednesday, StockTargetPrices.com reports. The firm presently has an “underweight” rating on the stock. Barclays PLC’s price objective would indicate a potential downside of 0.30% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and set a C$41.00 price objective on shares of Canadian Utilities Limited in a research note on Thursday, July 28th. Royal Bank Of Canada raised their price target on shares of Canadian Utilities Limited from C$37.00 to C$42.00 in a research note on Thursday, July 28th. CSFB raised their price target on shares of Canadian Utilities Limited from C$38.00 to C$42.00 in a research note on Monday, July 25th. TD Securities raised their price target on shares of Canadian Utilities Limited from C$37.00 to C$39.00 and gave the company a “hold” rating in a research note on Thursday, July 28th. Finally, RBC Capital Markets raised their price target on shares of Canadian Utilities Limited from C$37.00 to C$42.00 in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$40.38.
Shares of Canadian Utilities Limited (TSE:CU) traded up 0.72% during trading on Wednesday, hitting $36.37. 62,327 shares of the company’s stock were exchanged. The stock has a market cap of $9.74 billion and a PE ratio of 26.51. The stock’s 50-day moving average price is $37.38 and its 200-day moving average price is $37.40. Canadian Utilities Limited has a 1-year low of $29.49 and a 1-year high of $40.78.
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Canadian Utilities Limited Company Profile
Canadian Utilities Limited is an ATCO company. The Company’s segments include Electricity, Pipelines & Liquids and Corporate & Other. The Electricity segment includes businesses of ATCO Electric, ATCO Power and ATCO Power Australia that provide power generation, distributed generation, and electricity distribution, transmission and infrastructure development in northern and central east Alberta, the Yukon, the Northwest Territories and Australia.
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