Canadian Utilities (TSE:CU – Get Free Report) had its price objective lowered by research analysts at Scotiabank from C$35.00 to C$33.00 in a report released on Monday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 8.91% from the stock’s previous close.
Separately, CIBC dropped their target price on Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$35.29.
Check Out Our Latest Stock Analysis on CU
Canadian Utilities Stock Up 0.4 %
Canadian Utilities (TSE:CU – Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported C$0.71 EPS for the quarter, beating the consensus estimate of C$0.69 by C$0.02. The firm had revenue of C$974.00 million for the quarter. Canadian Utilities had a return on equity of 10.08% and a net margin of 18.63%. As a group, equities analysts expect that Canadian Utilities will post 2.3547141 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of Canadian Utilities stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$30.77, for a total transaction of C$1,544,530.92. Corporate insiders own 38.21% of the company’s stock.
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.
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