Canadian Utilities (TSE:CU) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Canadian Utilities (TSE:CU) had its price objective increased by research analysts at Royal Bank of Canada from C$38.00 to C$39.00 in a research report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 11.49% from the stock’s current price.

CU has been the subject of several other research reports. BMO Capital Markets upped their price target on Canadian Utilities from C$35.50 to C$37.00 in a research note on Thursday, September 5th. CIBC upped their target price on Canadian Utilities from C$34.00 to C$35.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. National Bankshares lifted their price target on shares of Canadian Utilities from C$34.00 to C$37.00 in a research report on Friday, August 23rd. Finally, Scotiabank upped 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 report on Tuesday, August 20th.

Canadian Utilities Stock Up 1.7 %

CU stock opened at C$34.98 on Friday. The firm has a market cap of C$7.17 billion, a PE ratio of 17.67, a PEG ratio of 2.38 and a beta of 0.66. Canadian Utilities has a 1 year low of C$29.15 and a 1 year high of C$37.10. The company has a fifty day simple moving average of C$35.45 and a 200 day simple moving average of C$32.78. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 149.94.

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.