Canadian Utilities (TSE:CU) Given New C$40.00 Price Target at CIBC

Canadian Utilities (TSE:CU) had its price objective upped by equities research analysts at CIBC from C$38.00 to C$40.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 9.14% from the stock’s previous close.

Separately, Scotiabank upped their price objective on Canadian Utilities from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th.

Canadian Utilities Price Performance

CU opened at C$36.65 on Friday. The company has a fifty day simple moving average of C$34.97 and a 200 day simple moving average of C$35.17. Canadian Utilities has a 12 month low of C$29.15 and a 12 month high of C$38.37. The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34. The stock has a market cap of C$7.49 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.38 and a beta of 0.66.

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.