Canadian Utilities (TSE:CU) PT Lowered to C$34.00 at CIBC

Canadian Utilities (TSE:CU) had its price target decreased by equities researchers at CIBC from C$35.00 to C$34.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target would suggest a potential upside of 13.03% from the company’s previous close.

Canadian Utilities Stock Up 0.9 %

CU traded up C$0.26 during midday trading on Friday, reaching C$30.08. The company’s stock had a trading volume of 123,489 shares, compared to its average volume of 499,082. The stock’s 50-day moving average is C$30.50 and its 200-day moving average is C$30.69. The firm has a market capitalization of C$6.15 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 2.38 and a beta of 0.60. The company has a current ratio of 1.01, a quick ratio of 1.30 and a debt-to-equity ratio of 147.99. Canadian Utilities has a 1 year low of C$28.13 and a 1 year high of C$39.87.

Canadian Utilities (TSE:CU) last posted its earnings results on Thursday, February 29th. The company reported C$0.71 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.69 by C$0.02. The company had revenue of C$974.00 million for the quarter. Canadian Utilities had a return on equity of 10.08% and a net margin of 18.63%. As a group, research analysts expect that Canadian Utilities will post 2.3547141 EPS for the current year.

Insider Buying and Selling

In related news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$30.77, for a total value of C$1,544,530.92. 38.21% of the stock is currently owned by company insiders.

Canadian Utilities Company Profile

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.