Canadian Utilities Limited (CU) Receives C$40.38 Consensus Price Target from Analysts
Canadian Utilities Limited (TSE:CU) has been assigned a consensus rating of “Hold” from the eight brokerages that are covering the stock. One investment analyst has rated the stock with a sell rating and two have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$40.38.
CU has been the subject of several analyst reports. National Bank Financial upped their target price on Canadian Utilities Limited from C$39.00 to C$43.00 in a research note on Monday, July 18th. Barclays PLC set a C$36.00 price target on Canadian Utilities Limited in a research note on Friday, June 17th. RBC Capital Markets upped their price target on Canadian Utilities Limited from C$37.00 to C$42.00 in a research note on Thursday, July 28th. TD Securities upped their price target on Canadian Utilities Limited from C$37.00 to C$39.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Finally, CSFB upped their price target on Canadian Utilities Limited from C$38.00 to C$42.00 in a research note on Monday, July 25th.
Canadian Utilities Limited (TSE:CU) opened at 37.12 on Wednesday. The stock has a 50 day moving average price of $37.16 and a 200 day moving average price of $37.40. Canadian Utilities Limited has a 52 week low of $29.49 and a 52 week high of $40.78. The stock has a market cap of $9.94 billion and a PE ratio of 27.06.
Canadian Utilities Limited Company Profile
Canadian Utilities Limited is an ATCO company. The Company’s segments include Electricity, Pipelines & Liquids and Corporate & Other. The Electricity segment includes businesses of ATCO Electric, ATCO Power and ATCO Power Australia that provide power generation, distributed generation, and electricity distribution, transmission and infrastructure development in northern and central east Alberta, the Yukon, the Northwest Territories and Australia.
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