Shares of Canadian Utilities Limited (TSE:CU – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$31.87 and traded as high as C$35.81. Canadian Utilities shares last traded at C$35.59, with a volume of 624,789 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on CU. National Bankshares increased their price objective on shares of Canadian Utilities from C$34.00 to C$37.00 in a research report on Friday, August 23rd. Scotiabank increased their price objective on shares of Canadian Utilities from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. CIBC increased their price objective on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. BMO Capital Markets increased their price objective on shares of Canadian Utilities from C$35.50 to C$37.00 in a research report on Thursday, September 5th. Finally, Royal Bank of Canada increased their price target on shares of Canadian Utilities from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$36.50.
Get Our Latest Research Report on Canadian Utilities
Canadian Utilities Stock Up 0.3 %
Canadian Utilities (TSE:CU – Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The company reported C$0.43 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.01. The company had revenue of C$860.00 million for the quarter. Canadian Utilities had a return on equity of 8.72% and a net margin of 16.43%. As a group, equities research analysts predict that Canadian Utilities Limited will post 2.4063556 earnings per share for the current year.
Canadian Utilities Company Profile
Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.
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