Canadian Utilities (OTCMKTS:CDUAF) Stock Price Passes Below 200 Day Moving Average of $28.16

Canadian Utilities Limited (OTCMKTS:CDUAF)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $28.16 and traded as low as $27.73. Canadian Utilities shares last traded at $27.83, with a volume of 1,042 shares trading hands.

Several equities analysts have recently commented on the stock. UBS Group raised shares of Canadian Utilities from a “sell” rating to a “neutral” rating and set a $35.00 price objective for the company in a research note on Friday, July 30th. They noted that the move was a valuation call. Royal Bank of Canada upped their price objective on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Friday, July 30th. Credit Suisse Group boosted their price target on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the company a “neutral” rating in a research report on Wednesday, September 1st. CIBC boosted their price target on shares of Canadian Utilities from C$36.00 to C$37.00 and gave the company a “neutral” rating in a research report on Wednesday, July 21st. Finally, National Bank Financial boosted their price target on shares of Canadian Utilities from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.71.

The stock’s fifty day moving average price is $27.85 and its 200 day moving average price is $28.16.

Canadian Utilities Company Profile (OTCMKTS:CDUAF)

Canadian Utilities Ltd. engages in the provision of business solutions to companies in the utilities, energy, structures and logistics, and technologies sector. It operates through the following business units: Electricity, Pipelines & Liquids, and Corporate & Other. The Electricity segment delivers electricity generation, transmission, distribution, and related infrastructure solutions.

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