Canadian Utilities (TSE:CU) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Canadian Utilities Limited (TSE:CU) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$34.47. Canadian Utilities shares last traded at C$34.33, with a volume of 125,991 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their target price on Canadian Utilities from C$38.00 to C$39.00 in a report on Friday, November 15th.

Canadian Utilities Price Performance

The company has a market capitalization of C$7.04 billion, a PE ratio of 17.34, a P/E/G ratio of 2.38 and a beta of 0.66. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 149.94. The stock’s 50 day moving average is C$35.08.

About Canadian Utilities

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.