Royal Bank of Canada Increases Canadian Utilities (TSE:CU) Price Target to C$39.00

Canadian Utilities (TSE:CU) had its target price upped by research analysts at Royal Bank of Canada from C$38.00 to C$39.00 in a report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 12.33% from the stock’s previous close.

Several other analysts also recently commented on CU. BMO Capital Markets lifted their target price on shares of Canadian Utilities from C$35.50 to C$37.00 in a report on Thursday, September 5th. Scotiabank lifted their price objective on shares of Canadian Utilities from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. CIBC boosted their target price on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, National Bankshares upped their price objective on shares of Canadian Utilities from C$34.00 to C$37.00 in a research report on Friday, August 23rd.

Canadian Utilities Stock Up 1.0 %

CU stock traded up C$0.34 during midday trading on Friday, hitting C$34.72. The company’s stock had a trading volume of 161,763 shares, compared to its average volume of 503,346. The company has a debt-to-equity ratio of 149.94, a current ratio of 1.29 and a quick ratio of 1.30. Canadian Utilities has a twelve month low of C$29.15 and a twelve month high of C$37.10. The company’s fifty day moving average price is C$35.43 and its 200 day moving average price is C$32.75. The stock has a market capitalization of C$7.12 billion, a P/E ratio of 17.55, a PEG ratio of 2.38 and a beta of 0.66.

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.