Royal Bank Of Canada Trims Canadian Utilities Limited (CU) Target Price to C$40.00
Canadian Utilities Limited (TSE:CU) had its price objective reduced by equities researchers at Royal Bank Of Canada from C$41.00 to C$40.00 in a report released on Friday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 3.47% from the company’s previous close.
Separately, National Bank Financial downgraded shares of Canadian Utilities Limited from an “outperform” rating to a “sector perform” rating and set a C$45.00 target price for the company. in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$41.00.
Shares of Canadian Utilities Limited (CU) traded down 0.49% during midday trading on Friday, hitting $38.66. 150,451 shares of the company’s stock were exchanged. The firm has a market cap of $10.41 billion and a PE ratio of 18.07. The stock’s 50-day moving average price is $38.80 and its 200 day moving average price is $39.85. Canadian Utilities Limited has a one year low of $34.83 and a one year high of $42.44.
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In other news, Director Linda A. Southern-Heathcott sold 1,490 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of C$38.05, for a total transaction of C$56,694.50. Also, Director D Jason Sharpe sold 1,382 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$38.10, for a total value of C$52,654.20. In the last 90 days, insiders sold 3,424 shares of company stock valued at $130,816.
Canadian Utilities Limited Company Profile
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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