TD Securities Issues Positive Forecast for Canadian Utilities (TSE:CU) Stock Price

by · The Cerbat Gem

Canadian Utilities (TSE:CU – Get Free Report) had its price objective hoisted by analysts at TD Securities from C$41.00 to C$47.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential downside of 1.80% from the stock’s previous close.

A number of other analysts have also recently commented on CU. BMO Capital Markets lifted their price objective on Canadian Utilities from C$42.00 to C$44.00 in a research report on Monday, November 10th. National Bank Financial lifted their price target on shares of Canadian Utilities from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Friday. Canadian Imperial Bank of Commerce raised their price objective on Canadian Utilities from C$45.00 to C$47.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank Of Canada raised their price target on Canadian Utilities from C$43.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Scotiabank upped their price objective on shares of Canadian Utilities from C$40.00 to C$43.00 in a research note on Tuesday, December 16th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$45.83.

Check Out Our Latest Stock Analysis on CU

Canadian Utilities Price Performance

CU stock traded up C$0.41 on Tuesday, reaching C$47.86. The company had a trading volume of 248,744 shares, compared to its average volume of 589,654. The company’s fifty day moving average is C$44.30 and its 200 day moving average is C$41.39. The company has a market cap of C$13.01 billion, a P/E ratio of 24.42, a PEG ratio of 2.38 and a beta of 0.61. The company has a debt-to-equity ratio of 194.86, a quick ratio of 1.30 and a current ratio of 1.56. Canadian Utilities has a 1 year low of C$34.11 and a 1 year high of C$48.36.

About Canadian Utilities

(Get Free Report)

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.

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