Canadian Utilities Limited (CU) Receives Average Rating of “Hold” from Analysts
Shares of Canadian Utilities Limited (TSE:CU) have earned a consensus rating of “Hold” from the eight research firms that are presently covering the stock. Two investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$40.38.
CU has been the topic of several research analyst reports. CSFB lifted 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 lifted 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 lifted 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. Barclays PLC set a C$36.00 price target on shares of Canadian Utilities Limited in a research note on Friday, June 17th. Finally, RBC Capital Markets lifted 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.
Canadian Utilities Limited (TSE:CU) traded up 0.58% during midday trading on Wednesday, hitting $36.32. 55,478 shares of the stock traded hands. The company has a market cap of $9.72 billion and a P/E ratio of 26.47. Canadian Utilities Limited has a one year low of $29.49 and a one year high of $40.78. The company’s 50 day moving average is $37.38 and its 200-day moving average is $37.40.
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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