Canadian Utilities (OTCMKTS:CDUAF) had its price objective boosted by stock analysts at TD Securities from $39.00 to $40.00 in a note issued to investors on Friday, The Fly reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 55.95% from the company’s current price.
Several other brokerages have also recently weighed in on CDUAF. BMO Capital Markets upped their price target on Canadian Utilities from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 23rd. Royal Bank of Canada increased their price target on shares of Canadian Utilities from $38.00 to $39.00 and gave the company a “sector perform” rating in a report on Tuesday, June 23rd. They noted that the move was a valuation call. Credit Suisse Group raised Canadian Utilities from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 23rd. Finally, CIBC dropped their target price on shares of Canadian Utilities from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Canadian Utilities currently has a consensus rating of “Hold” and an average target price of $37.75.
Shares of OTCMKTS:CDUAF opened at $25.65 on Friday. The company has a 50-day moving average price of $24.46 and a 200-day moving average price of $25.81. Canadian Utilities has a 12 month low of $18.48 and a 12 month high of $32.32.
Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy businesses worldwide. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment provides electricity generation, transmission, distribution; and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, in Canada, as well as in Australia and Mexico.
Further Reading: Market Timing
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