Canadian Utilities (TSE:CU) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Canadian Utilities Limited (TSE:CU)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$35.05 and traded as high as C$36.49. Canadian Utilities shares last traded at C$36.23, with a volume of 313,317 shares trading hands.

Wall Street Analyst Weigh In

Separately, Scotiabank upped their price target on Canadian Utilities from C$37.00 to C$38.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th.

Canadian Utilities Trading Up 0.7 %

The stock has a market capitalization of C$7.40 billion, a PE ratio of 19.57, a PEG ratio of 2.38 and a beta of 0.66. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The business’s 50-day moving average is C$34.50 and its two-hundred day moving average is C$35.05.

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.