Canadian Utilities Limited (TSE:CU – Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$55.44 and last traded at C$55.40, with a volume of 42684 shares changing hands. The stock had previously closed at C$54.87.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. National Bank Financial raised their price objective on Canadian Utilities from C$46.00 to C$51.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. TD upped their target price 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. Royal Bank Of Canada increased 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 note on Thursday, May 7th. Canadian Imperial Bank of Commerce raised their price target on Canadian Utilities from C$47.00 to C$51.00 in a report on Monday, April 20th. Finally, Scotiabank raised their price target on Canadian Utilities from C$50.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$49.14.
Read Our Latest Report on Canadian Utilities
Canadian Utilities Trading Up 0.1%
Canadian Utilities (TSE:CU – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.89 earnings per share for the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%.The business had revenue of C$1.08 billion for the quarter. As a group, equities research analysts predict that Canadian Utilities Limited will post 2.4063556 EPS for the current fiscal year.
Canadian Utilities Company Profile
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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