Canadian Utilities (TSE:CU) Stock Price Expected to Rise, TD Securities Analyst Says

Canadian Utilities (TSE:CU) had its target price upped by investment analysts at TD Securities from C$41.00 to C$47.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential downside of 1.98% from the company’s previous close.

CU has been the subject of a number of other reports. Royal Bank Of Canada raised their price target on Canadian Utilities from C$43.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. National Bank Financial boosted their target price on shares of Canadian Utilities from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Scotiabank increased their price target on shares of Canadian Utilities from C$40.00 to C$43.00 in a report on Tuesday, December 16th. Canadian Imperial Bank of Commerce raised their price target on shares of Canadian Utilities from C$45.00 to C$47.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Finally, BMO Capital Markets increased their target price on shares of Canadian Utilities from C$42.00 to C$44.00 in a research note on Monday, November 10th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$45.83.

Canadian Utilities Price Performance

Shares of CU opened at C$47.95 on Tuesday. The business’s 50-day moving average is C$44.53 and its 200-day moving average is C$41.50. The company has a debt-to-equity ratio of 194.86, a current ratio of 1.56 and a quick ratio of 1.30. The company has a market capitalization of C$13.04 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 2.38 and a beta of 0.61. Canadian Utilities has a fifty-two week low of C$34.11 and a fifty-two week high of C$48.36.

About Canadian Utilities

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.