Brokerages Set Canadian Utilities Limited (TSE:CU) PT at C$53.57

Shares of Canadian Utilities Limited (TSE:CU) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$53.57.

CU has been the subject of a number of research reports. TD increased their price target on shares of Canadian Utilities from C$48.00 to C$52.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian Utilities from C$53.00 to C$55.00 in a report on Thursday, July 30th. Scotiabank upped their price objective on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. National Bank Financial increased their target price on shares of Canadian Utilities from C$51.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Finally, BMO Capital Markets lifted their target price on Canadian Utilities from C$50.00 to C$55.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th.

Canadian Utilities Stock Performance

Shares of TSE CU opened at C$51.70 on Friday. Canadian Utilities has a 12 month low of C$37.13 and a 12 month high of C$56.90. The company has a market cap of C$14.08 billion, a P/E ratio of 323.12, a P/E/G ratio of 2.38 and a beta of 0.55. The business’s 50 day moving average is C$53.38 and its two-hundred day moving average is C$50.09. The company has a quick ratio of 1.30, a current ratio of 1.80 and a debt-to-equity ratio of 184.88.

Canadian Utilities (TSE:CU) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.51 earnings per share (EPS) for the quarter. Canadian Utilities had a net margin of 3.30% and a return on equity of 1.88%. The business had revenue of C$914.00 million for the quarter. On average, equities analysts expect that Canadian Utilities will post 2.4063556 EPS for the current year.

About Canadian Utilities

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.