Canadian Utilities (TSE:CU) Sets New 52-Week High Following Analyst Upgrade

Canadian Utilities Limited (TSE:CU)’s stock price reached a new 52-week high during trading on Thursday after BMO Capital Markets raised their price target on the stock from C$50.00 to C$55.00. BMO Capital Markets currently has a market perform rating on the stock. Canadian Utilities traded as high as C$56.56 and last traded at C$56.49, with a volume of 246549 shares changing hands. The stock had previously closed at C$54.94.

A number of other brokerages have also commented on CU. Canadian Imperial Bank of Commerce upped their price objective on shares of Canadian Utilities from C$53.00 to C$55.00 in a research report on Thursday. Royal Bank Of Canada upped their price target on Canadian Utilities from C$50.00 to C$58.00 and gave the company a “sector perform” rating in a report on Thursday. National Bank Financial lifted their price objective on Canadian Utilities from C$51.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday. Scotiabank upped their target price on Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Finally, TD lifted their price target on shares of Canadian Utilities from C$48.00 to C$52.00 and gave the stock a “hold” rating in a research note on Thursday. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Canadian Utilities currently has a consensus rating of “Hold” and a consensus price target of C$53.57.

Trending Headlines about Canadian Utilities

Here are the key news stories impacting Canadian Utilities this week:

• Positive Sentiment: Quarterly results showed growth. Canadian Utilities reported second-quarter earnings of C$0.51 per share on revenue of C$914 million. Reports characterized adjusted earnings and revenue as higher year over year, providing support for the stock. Canadian Utilities Reports Second Quarter 2026 Earnings Canadian Utilities Q2 Adjusted Earnings, Revenue Rise
• Positive Sentiment: RBC raised its target to C$58 from C$50 and retained a “sector perform” rating. It is the only target cited that implies additional upside, offering a more favorable view than the other analyst updates. BayStreet.CA analyst ratings
• Neutral Sentiment: Analysts increased their targets but remain cautious. CIBC lifted its target to C$55 from C$53, National Bank Financial to C$55 from C$51, and BMO Capital Markets to C$55 from C$50. TD raised its target to C$52 from C$48 and assigned a “hold” rating, while National Bank and RBC maintained “sector perform” ratings and BMO maintained “market perform.” BayStreet.CA analyst ratings Tickerreport analyst ratings
• Negative Sentiment: Most revised targets remain below the prevailing market price. CIBC, TD, National Bank Financial and BMO’s targets imply downside, suggesting limited near-term upside despite the target increases. The company also reported a low 2.90% net margin and 1.59% return on equity, which may temper enthusiasm. Canadian Utilities Second Quarter Earnings

Canadian Utilities Stock Performance

The company has a debt-to-equity ratio of 186.03, a quick ratio of 1.30 and a current ratio of 1.32. The firm has a 50 day moving average price of C$52.26 and a two-hundred day moving average price of C$48.94. The company has a market capitalization of C$15.40 billion, a P/E ratio of 565.60, a price-to-earnings-growth ratio of 2.38 and a beta of 0.53.

Canadian Utilities (TSE:CU) last posted its earnings results on Wednesday, July 29th. The company reported C$0.51 EPS for the quarter. The business had revenue of C$914.00 million during the quarter. Canadian Utilities had a return on equity of 1.59% and a net margin of 2.90%. On average, research analysts expect that Canadian Utilities Limited will post 2.4063556 earnings per share for the current fiscal year.

Canadian Utilities Company Profile

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.