Canadian Utilities Limited (TSE:CU – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$45.03 and traded as high as C$48.46. Canadian Utilities shares last traded at C$48.29, with a volume of 584,774 shares trading hands.
Analyst Ratings Changes
A number of brokerages have weighed in on CU. TD Securities upped their price target on Canadian Utilities from C$41.00 to C$47.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada upped their price target on Canadian Utilities from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. TD upped their price target on Canadian Utilities from C$47.00 to C$48.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce upped their price target on Canadian Utilities from C$47.00 to C$51.00 in a research report on Monday, April 20th. Finally, National Bank Financial upped their price target on Canadian Utilities from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Canadian Utilities has an average rating of “Hold” and an average price target of C$47.00.
View Our Latest Analysis on CU
Canadian Utilities Stock Down 1.0%
Canadian Utilities (TSE:CU – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.89 earnings per share (EPS) for the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%.The company had revenue of C$1.08 billion during the quarter. On average, equities research analysts expect that Canadian Utilities Limited will post 2.4063556 EPS for the current fiscal 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. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.
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