Canadian Utilities (TSE:CU) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Canadian Utilities Limited (TSE:CUGet Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.93 and traded as high as C$37.58. Canadian Utilities shares last traded at C$37.40, with a volume of 401,061 shares.

Wall Street Analysts Forecast Growth

CU has been the subject of a number of recent analyst reports. CIBC raised their price objective on Canadian Utilities from C$38.00 to C$40.00 in a research report on Friday, April 4th. TD Securities set a C$40.00 price target on Canadian Utilities and gave the stock a “hold” rating in a report on Friday. Finally, Royal Bank Of Canada upped their price objective on shares of Canadian Utilities from C$39.00 to C$41.00 and gave the company a “sector perform” rating in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$38.83.

Check Out Our Latest Research Report on Canadian Utilities

Canadian Utilities Price Performance

The stock has a 50 day moving average of C$37.76 and a 200-day moving average of C$35.93. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63. The company has a market cap of C$7.64 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66.

Insider Buying and Selling

In other news, Senior Officer James Armstrong sold 1,258 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of C$37.98, for a total value of C$47,778.84. Following the sale, the insider now owns 136 shares in the company, valued at C$5,165.28. This represents a 90.24% decrease in their ownership of the stock. Insiders sold 1,508 shares of company stock valued at $57,191 over the last quarter. 37.58% of the stock is currently owned by company insiders.

About Canadian Utilities

(Get Free Report)

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.

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