Canadian Utilities (CU) Price Target Cut to C$40.00

Canadian Utilities (TSE:CU) had its price objective cut by equities research analysts at BMO Capital Markets from C$41.00 to C$40.00 in a research report issued to clients and investors on Tuesday. BMO Capital Markets’ target price suggests a potential upside of 12.01% from the company’s current price.

Separately, Royal Bank of Canada lowered their target price on Canadian Utilities from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Friday, October 27th.

Shares of Canadian Utilities (CU) traded down C$0.26 on Tuesday, reaching C$35.71. The company’s stock had a trading volume of 329,228 shares, compared to its average volume of 206,496. Canadian Utilities has a 12-month low of C$35.31 and a 12-month high of C$42.44. The firm has a market capitalization of $9,700.00, a price-to-earnings ratio of 17.50 and a beta of 0.07.

In other news, Director George J. Lidgett sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$38.91, for a total transaction of C$77,820.00.

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Canadian Utilities 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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