Canadian Utilities Limited (CU) Stock Rating Reaffirmed by Desjardins
Desjardins reiterated their hold rating on shares of Canadian Utilities Limited (TSE:CU) in a research report sent to investors on Thursday morning. They currently have a C$38.00 target price on the stock.
Several other equities analysts also recently commented on the stock. National Bank Financial raised shares of Canadian Utilities Limited from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, October 26th. TD Securities upped their price target on shares of Canadian Utilities Limited from C$39.00 to C$40.00 and gave the company a hold rating in a research note on Thursday, October 27th. Barclays PLC upped their price target on shares of Canadian Utilities Limited from C$36.00 to C$37.00 and gave the company an underweight rating in a research note on Thursday, October 27th. Royal Bank Of Canada decreased their price target on shares of Canadian Utilities Limited from C$42.00 to C$41.00 and set a sector perform rating on the stock in a research note on Thursday, October 27th. Finally, RBC Capital Markets upped their price target on shares of Canadian Utilities Limited from C$37.00 to C$42.00 in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of C$40.33.
Shares of Canadian Utilities Limited (TSE:CU) opened at 35.58 on Thursday. The stock’s 50 day moving average is $37.08 and its 200-day moving average is $37.69. The company has a market cap of $9.54 billion and a price-to-earnings ratio of 23.85. Canadian Utilities Limited has a 52 week low of $29.49 and a 52 week high of $40.78.
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About Canadian Utilities Limited
Canadian Utilities Limited is an ATCO company. The Company’s segments include Electricity, Pipelines & Liquids and Corporate & Other. The Electricity segment includes businesses of ATCO Electric, ATCO Power and ATCO Power Australia that provide power generation, distributed generation, and electricity distribution, transmission and infrastructure development in northern and central east Alberta, the Yukon, the Northwest Territories and Australia.
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