Canadian Utilities (TSE:CU) Price Target Raised to C$39.00 at Royal Bank of Canada

Canadian Utilities (TSE:CU) had its price target increased by research analysts at Royal Bank of Canada from C$38.00 to C$39.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 11.49% from the stock’s current price.

Several other brokerages have also weighed in on CU. CIBC lifted their target price on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets lifted their price objective on Canadian Utilities from C$35.50 to C$37.00 in a report on Thursday, September 5th. Scotiabank increased their target price on Canadian Utilities from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, National Bankshares boosted their price target on Canadian Utilities from C$34.00 to C$37.00 in a research note on Friday, August 23rd.

Canadian Utilities Stock Up 1.7 %

CU opened at C$34.98 on Friday. The company has a market capitalization of C$7.17 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.38 and a beta of 0.66. The company has a debt-to-equity ratio of 149.94, a current ratio of 1.29 and a quick ratio of 1.30. The firm’s fifty day moving average price is C$35.45 and its two-hundred day moving average price is C$32.78. Canadian Utilities has a fifty-two week low of C$29.15 and a fifty-two week high of C$37.10.

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.