Canadian Utilities Limited (CU) PT Lowered to C$36.00
Canadian Utilities Limited (TSE:CU) had its target price reduced by analysts at Barclays PLC from C$38.00 to C$36.00 in a report issued on Wednesday. The brokerage currently has an “underweight” rating on the stock. Barclays PLC’s price objective indicates a potential downside of 0.30% from the company’s current price.
A number of other equities analysts also recently issued reports on the stock. CSFB increased 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. National Bank Financial increased their price target on shares of Canadian Utilities Limited from C$39.00 to C$43.00 in a research note on Monday, July 18th. BMO Capital Markets increased their price target on shares of Canadian Utilities Limited from C$36.00 to C$40.00 in a research note on Thursday, July 7th. Royal Bank Of Canada increased 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. Finally, RBC Capital Markets increased 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 issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$40.38.
Canadian Utilities Limited (TSE:CU) traded up 1.27% during trading on Wednesday, hitting $36.57. 108,036 shares of the company’s stock traded hands. The company’s 50 day moving average is $37.38 and its 200-day moving average is $37.40. Canadian Utilities Limited has a 12 month low of $29.49 and a 12 month high of $40.78. The stock has a market cap of $9.79 billion and a P/E ratio of 26.65.
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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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