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.

COPYRIGHT VIOLATION WARNING: “Royal Bank Of Canada Trims Canadian Utilities Limited (CU) Target Price to C$40.00” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/27/royal-bank-of-canada-trims-canadian-utilities-limited-cu-target-price-to-c40-00.html.

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).

Analyst Recommendations for Canadian Utilities Limited (TSE:CU)

Receive News & Ratings for Canadian Utilities Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Utilities Limited and related companies with MarketBeat.com's FREE daily email newsletter.