Canadian Utilities (TSE:CU) Price Target Raised to C$43.00

Canadian Utilities (TSE:CU) had its target price increased by investment analysts at Scotiabank from C$40.00 to C$43.00 in a research report issued on Tuesday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 2.60% from the company’s current price.

CU has been the subject of several other research reports. TD Securities upped their price target on shares of Canadian Utilities from C$40.00 to C$41.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. CIBC upped their price target on Canadian Utilities from C$42.00 to C$43.00 in a research note on Monday, November 10th. Finally, BMO Capital Markets lifted their price objective on shares of Canadian Utilities from C$42.00 to C$44.00 in a research report on Monday, November 10th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$42.40.

Canadian Utilities Stock Up 0.4%

Shares of TSE CU traded up C$0.16 during mid-day trading on Tuesday, reaching C$41.91. The company had a trading volume of 89,442 shares, compared to its average volume of 514,113. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The firm has a 50 day simple moving average of C$40.79 and a two-hundred day simple moving average of C$39.08. The stock has a market cap of C$11.40 billion, a P/E ratio of 21.38, a PEG ratio of 2.38 and a beta of 0.50. Canadian Utilities has a 52-week low of C$33.19 and a 52-week high of C$42.95.

Canadian Utilities (TSE:CU) last announced its quarterly earnings results on Friday, November 7th. The company reported C$0.40 earnings per share for the quarter. Canadian Utilities had a net margin of 13.41% and a return on equity of 7.21%. The firm had revenue of C$792.00 million during the quarter. Sell-side analysts predict that Canadian Utilities will post 2.4063556 earnings per share for the current year.

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.