Canadian Utilities Limited (TSE:CU) Receives C$53.57 Consensus Price Target from Brokerages

Canadian Utilities Limited (TSE:CU – Get Free Report) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$53.57.

CU has been the subject of several research analyst reports. National Bank Financial increased their price objective on Canadian Utilities from C$51.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. TD boosted their price target on Canadian Utilities from C$48.00 to C$52.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. BMO Capital Markets upped their price target on Canadian Utilities from C$50.00 to C$55.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Scotiabank lifted their price objective on Canadian Utilities from C$50.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada boosted their target price on Canadian Utilities from C$50.00 to C$58.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th.

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Canadian Utilities Price Performance

CU opened at C$50.02 on Wednesday. The business has a 50 day moving average price of C$53.10 and a two-hundred day moving average price of C$50.76. Canadian Utilities has a 52 week low of C$37.13 and a 52 week high of C$56.90. The company has a quick ratio of 1.30, a current ratio of 1.80 and a debt-to-equity ratio of 184.88. The company has a market cap of C$13.62 billion, a PE ratio of 312.62, a P/E/G ratio of 2.38 and a beta of 0.47.

Canadian Utilities (TSE:CU – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported C$0.51 EPS for the quarter. The company had revenue of C$914.00 million during the quarter. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. As a group, research analysts anticipate that Canadian Utilities will post 2.4063556 EPS for the current year.

About Canadian Utilities

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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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