Canadian Utilities (TSE:CU) Sets New 1-Year High - Here's What Happened

Canadian Utilities Limited (TSE:CU - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$37.17 and last traded at C$37.17, with a volume of 207247 shares. The stock had previously closed at C$36.76.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their target price on Canadian Utilities from C$37.00 to C$38.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th.

Canadian Utilities Stock Down 0.6 %

The firm has a 50-day simple moving average of C$34.77 and a two-hundred day simple moving average of C$35.13. The stock has a market cap of C$7.61 billion, a P/E ratio of 20.13, a PEG ratio of 2.38 and a beta of 0.66. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34.

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.