Canadian Utilities (TSE:CU) Given New C$38.00 Price Target at BMO Capital Markets

Canadian Utilities (TSE:CUGet Rating) had its price objective cut by BMO Capital Markets from C$39.00 to C$38.00 in a research note released on Tuesday, BayStreet.CA reports.

Several other equities research analysts also recently commented on CU. National Bankshares upped their price objective on shares of Canadian Utilities from C$37.00 to C$40.00 and gave the company a sector perform rating in a report on Tuesday, August 2nd. CSFB increased their price target on shares of Canadian Utilities from C$40.00 to C$41.50 and gave the stock an underperform rating in a report on Tuesday, August 30th. Royal Bank of Canada increased their price target on shares of Canadian Utilities from C$41.00 to C$42.00 and gave the stock a sector perform rating in a report on Friday, July 29th. CIBC increased their price target on shares of Canadian Utilities from C$40.00 to C$41.00 in a report on Thursday, July 21st. Finally, Credit Suisse Group downgraded shares of Canadian Utilities to a sell rating and set a C$41.50 target price on the stock. in a research note on Tuesday, August 30th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Utilities currently has a consensus rating of Hold and an average target price of C$40.00.

Canadian Utilities Stock Performance

Shares of CU stock opened at C$40.23 on Tuesday. The firm has a market capitalization of C$10.85 billion and a PE ratio of 19.43. The firm has a fifty day simple moving average of C$40.50 and a two-hundred day simple moving average of C$39.23. The company has a current ratio of 1.42, a quick ratio of 1.28 and a debt-to-equity ratio of 138.91. Canadian Utilities has a 12 month low of C$33.86 and a 12 month high of C$41.94.

Canadian Utilities (TSE:CUGet Rating) last posted its earnings results on Thursday, July 28th. The company reported C$0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.46 by C$0.05. The firm had revenue of C$933.00 million during the quarter. Analysts forecast that Canadian Utilities will post 2.2499999 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Wayne K. Stensby sold 1,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 15,897 shares of the company’s stock, valued at C$647,484.81. Insiders sold 1,208 shares of company stock valued at $49,205 over the last quarter.

About Canadian Utilities

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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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