Canadian Utilities (TSE:CU) Price Target Raised to C$38.00 at Scotiabank

Canadian Utilities (TSE:CU - Get Free Report) had its price objective hoisted by Scotiabank from C$37.00 to C$38.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price objective suggests a potential upside of 12.13% from the company's current price.

Separately, Royal Bank of Canada upped their price objective on Canadian Utilities from C$38.00 to C$39.00 in a report on Friday, November 15th.

Canadian Utilities Stock Performance

TSE:CU traded down C$0.31 during mid-day trading on Thursday, reaching C$33.89. The stock had a trading volume of 346,914 shares, compared to its average volume of 526,578. Canadian Utilities has a twelve month low of C$29.15 and a twelve month high of C$37.10. The firm's 50 day moving average price is C$34.41. The stock has a market cap of C$6.92 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34.

About Canadian Utilities

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.