Canadian Utilities Limited (CU.TO) – What Are Brokerages Saying About This Stock?

Canadian Utilities Limited (TSE:CU) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$54.71.

CU has been the subject of a number of recent research reports. BMO Capital Markets boosted their price target on Canadian Utilities from C$50.00 to C$55.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. TD increased their price objective on shares of Canadian Utilities from C$52.00 to C$57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 7th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Canadian Utilities from C$55.00 to C$52.00 in a research note on Tuesday, September 22nd. Scotiabank raised their price objective on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Finally, National Bank Financial boosted their target price on shares of Canadian Utilities from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a research report on Thursday, October 8th.

Canadian Utilities Stock Down 0.0%

Canadian Utilities stock opened at C$51.43 on Thursday. The stock has a market cap of C$14.01 billion, a PE ratio of 321.44, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36. The company has a debt-to-equity ratio of 184.88, a quick ratio of 1.30 and a current ratio of 1.80. Canadian Utilities has a one year low of C$39.00 and a one year high of C$56.90. The stock has a fifty day moving average of C$50.51 and a 200 day moving average of C$49.83.

About Canadian Utilities

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.