Canadian Utilities (TSE:CU) Price Target Raised to C$38.00 at Scotiabank

Canadian Utilities (TSE:CU) had its target price raised by research analysts at Scotiabank from C$37.00 to C$38.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 10.79% from the company’s previous close.

Separately, Royal Bank of Canada boosted their target price on shares of Canadian Utilities from C$38.00 to C$39.00 in a report on Friday, November 15th.

Canadian Utilities Trading Up 0.9 %

Shares of Canadian Utilities stock traded up C$0.31 during trading on Thursday, hitting C$34.30. The company’s stock had a trading volume of 130,067 shares, compared to its average volume of 525,655. The stock has a 50-day moving average price of C$34.52 and a two-hundred day moving average price of C$34.60. The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30. The stock has a market cap of C$7.01 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. Canadian Utilities has a 52 week low of C$29.15 and a 52 week high of C$37.10.

Canadian Utilities Company Profile

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.