Canadian Utilities Limited (TSE:CU) Director Denis M. Ellard sold 500 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of C$40.08, for a total transaction of C$20,040.00.

Shares of Canadian Utilities Limited (TSE:CU) traded up 0.93% during midday trading on Tuesday, reaching $40.33. 280,597 shares of the company’s stock were exchanged. Canadian Utilities Limited has a 12-month low of $34.83 and a 12-month high of $40.78. The stock’s 50 day moving average is $39.23 and its 200-day moving average is $37.37. The stock has a market cap of $10.82 billion and a PE ratio of 18.32.

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A number of brokerages recently commented on CU. Barclays PLC lifted their target price on shares of Canadian Utilities Limited from C$38.00 to C$40.00 in a research report on Friday, April 21st. Desjardins lifted their target price on shares of Canadian Utilities Limited from C$38.00 to C$39.00 in a research report on Monday, March 6th. Finally, TD Securities lifted their target price on shares of Canadian Utilities Limited from C$39.00 to C$41.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and an average price target of C$41.14.

About Canadian Utilities Limited

Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL).

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