Canadian Utilities (TSE:CU) Price Target Raised to C$47.00

Canadian Utilities (TSE:CU) had its price objective raised by TD Securities from C$41.00 to C$47.00 in a research note released on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities research analysts have also recently issued reports on the company. National Bank Financial raised their price objective on Canadian Utilities from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Scotiabank lifted their price target on Canadian Utilities from C$40.00 to C$43.00 in a report on Tuesday, December 16th. Canadian Imperial Bank of Commerce upped their price objective on shares of Canadian Utilities from C$45.00 to C$47.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Royal Bank Of Canada raised their target price on shares of Canadian Utilities from C$43.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Finally, BMO Capital Markets upped their price target on shares of Canadian Utilities from C$42.00 to C$44.00 in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$45.83.

Canadian Utilities Stock Performance

TSE:CU opened at C$48.26 on Tuesday. Canadian Utilities has a 1-year low of C$34.11 and a 1-year high of C$48.36. The firm has a 50 day simple moving average of C$44.65 and a 200-day simple moving average of C$41.55. The firm has a market cap of C$13.12 billion, a PE ratio of 24.62, a P/E/G ratio of 2.38 and a beta of 0.61. The company has a debt-to-equity ratio of 194.86, a current ratio of 1.56 and a quick ratio of 1.30.

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.