Canadian Utilities (OTCMKTS:CDUAF) had its price target upped by research analysts at TD Securities from $39.00 to $40.00 in a report released on Friday, The Fly reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 55.95% from the company’s current price.
CDUAF has been the topic of several other research reports. CIBC dropped their target price on Canadian Utilities from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Royal Bank of Canada upped their price target on shares of Canadian Utilities from $38.00 to $39.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 23rd. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on shares of Canadian Utilities from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Tuesday, June 23rd. Finally, Credit Suisse Group raised shares of Canadian Utilities from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.75.
Shares of Canadian Utilities stock opened at $25.65 on Friday. Canadian Utilities has a twelve month low of $18.48 and a twelve month high of $32.32. The business’s 50 day simple moving average is $24.46 and its 200-day simple moving average is $25.81.
Canadian Utilities Company Profile
Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy businesses worldwide. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment provides electricity generation, transmission, distribution; and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, in Canada, as well as in Australia and Mexico.
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