Canadian Utilities Limited (TSE:CU) Receives Consensus Recommendation of “Hold” from Analysts

Canadian Utilities Limited (TSE:CUGet Rating) has earned a consensus rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$40.29.

A number of research firms have recently commented on CU. Credit Suisse Group downgraded Canadian Utilities to a “sell” rating and set a C$41.50 price objective on the stock. in a research note on Tuesday, August 30th. Royal Bank of Canada boosted their price objective on Canadian Utilities from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Friday, July 29th. CSFB boosted their price objective on Canadian Utilities from C$40.00 to C$41.50 and gave the stock an “underperform” rating in a research note on Tuesday, August 30th. National Bankshares boosted their price objective on Canadian Utilities from C$37.00 to C$40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 2nd. Finally, CIBC boosted their price objective on Canadian Utilities from C$40.00 to C$41.00 in a research note on Thursday, July 21st.

Insider Buying and Selling at Canadian Utilities

In other Canadian Utilities news, Director Wayne K. Stensby sold 1,000 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of C$40.73, for a total value of C$40,730.00. Following the transaction, the director now owns 15,897 shares in the company, valued at C$647,484.81. Insiders have sold 1,208 shares of company stock worth $49,205 over the last 90 days.

Canadian Utilities Trading Up 0.3 %

TSE:CU opened at C$41.02 on Tuesday. Canadian Utilities has a 12-month low of C$33.86 and a 12-month high of C$41.94. The firm has a market capitalization of C$11.06 billion and a P/E ratio of 19.82. The company has a debt-to-equity ratio of 138.91, a current ratio of 1.42 and a quick ratio of 1.28. The business has a 50 day simple moving average of C$40.24 and a 200 day simple moving average of C$38.98.

Canadian Utilities (TSE:CUGet Rating) last announced its earnings results on Thursday, July 28th. The company reported C$0.51 earnings per share for the quarter, beating the consensus estimate of C$0.46 by C$0.05. The business had revenue of C$933.00 million for the quarter. Equities research analysts predict that Canadian Utilities will post 2.2499999 EPS for the current year.

About Canadian Utilities

(Get Rating)

Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.

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Analyst Recommendations for Canadian Utilities (TSE:CU)

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