Canadian Utilities (TSE:CU) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Canadian Utilities Limited (TSE:CU – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$45.50 and traded as high as C$50.28. Canadian Utilities shares last traded at C$49.99, with a volume of 214,762 shares changing hands.

Wall Street Analysts Forecast Growth

CU has been the topic of a number of research analyst reports. National Bank Financial increased their price target on Canadian Utilities from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce increased their price target on Canadian Utilities from C$47.00 to C$51.00 in a research note on Monday, April 20th. Royal Bank Of Canada increased their price target on Canadian Utilities from C$49.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. TD increased their price objective on Canadian Utilities from C$47.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Finally, TD Securities increased their price objective on Canadian Utilities from C$41.00 to C$47.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$47.00.

Get Our Latest Analysis on Canadian Utilities

Canadian Utilities Stock Down 0.2%

The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 186.03. The stock has a market cap of C$13.61 billion, a P/E ratio of 499.90, a PEG ratio of 2.38 and a beta of 0.60. The firm has a 50-day simple moving average of C$48.77 and a two-hundred day simple moving average of C$45.50.

Canadian Utilities (TSE:CU – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.89 earnings per share for the quarter. The firm had revenue of C$1.08 billion for the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%. Equities research analysts expect that Canadian Utilities Limited will post 2.4063556 earnings per share for the current fiscal year.

Canadian Utilities Company Profile

(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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