Canadian Utilities Limited (TSE:CU) Stock Has Average Target Price of C$54.71

Shares of Canadian Utilities Limited (TSE:CU) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$54.71.

A number of brokerages recently issued reports on CU. Canadian Imperial Bank of Commerce lowered their price objective on Canadian Utilities from C$55.00 to C$52.00 in a research report on Tuesday, September 22nd. Scotiabank upped their target price on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. TD Securities raised Canadian Utilities from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. TD raised their price target on Canadian Utilities from C$52.00 to C$57.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Finally, BMO Capital Markets lifted their price target on Canadian Utilities from C$50.00 to C$55.00 and gave the stock a “market perform” rating in a research note on Thursday, July 30th.

Canadian Utilities Stock Up 2.0%

Shares of TSE:CU opened at C$53.27 on Thursday. The firm has a fifty day moving average price of C$50.52 and a two-hundred day moving average price of C$49.92. The company has a market cap of C$14.51 billion, a price-to-earnings ratio of 332.94, a PEG ratio of 2.38 and a beta of 0.36. The company has a debt-to-equity ratio of 184.88, a current ratio of 1.80 and a quick ratio of 1.30. Canadian Utilities has a one year low of C$39.00 and a one year high of C$56.90.

About Canadian Utilities

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.