Canadian Utilities (TSE:CU) Reaches New 12-Month High – Here’s What Happened

Canadian Utilities Limited (TSE:CU)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$37.17 and last traded at C$37.17, with a volume of 207247 shares changing hands. The stock had previously closed at C$36.76.

Wall Street Analysts Forecast Growth

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

Canadian Utilities Stock Up 1.2 %

The firm has a fifty day simple moving average of C$34.65 and a 200 day simple moving average of C$35.10. The company has a market cap of C$7.60 billion, a PE ratio of 20.10, a PEG ratio of 2.38 and a beta of 0.66. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63.

Canadian Utilities Company Profile

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.