Canadian Utilities (TSE:CU) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Canadian Utilities Limited (TSE:CU) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$34.89 and traded as high as C$35.56. Canadian Utilities shares last traded at C$34.87, with a volume of 474,317 shares.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CU shares. Scotiabank boosted their price objective on Canadian Utilities from C$37.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price target on shares of Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th.

Canadian Utilities Trading Up 0.5 %

The company has a 50 day simple moving average of C$34.27 and a 200 day simple moving average of C$34.91. The company has a market capitalization of C$7.14 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63.

About Canadian Utilities

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.