Canadian Utilities Limited (CU) Given Consensus Recommendation of “Hold” by Analysts
Canadian Utilities Limited (TSE:CU) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the company. Three analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$39.67.
A number of research firms recently commented on CU. Desjardins upped their price objective on Canadian Utilities Limited from C$38.00 to C$39.00 in a research report on Monday, March 6th. TD Securities upped their price objective on Canadian Utilities Limited from C$37.00 to C$39.00 and gave the company a “hold” rating in a research report on Monday, March 6th.
Shares of Canadian Utilities Limited (TSE:CU) opened at 38.77 on Friday. The company has a 50-day moving average price of $38.54 and a 200-day moving average price of $37.06. The stock has a market capitalization of $10.39 billion and a price-to-earnings ratio of 18.82. Canadian Utilities Limited has a 52-week low of $34.48 and a 52-week high of $40.78.
In other Canadian Utilities Limited news, Director Brian P. Shkrobot sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of C$38.93, for a total transaction of C$38,930.00.
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Canadian Utilities Limited Company Profile
Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL).
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