Canadian Utilities (TSE:CU) Stock Price Passes Above 200 Day Moving Average - Here's Why

Canadian Utilities Limited (TSE:CU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$34.89 and traded as high as C$35.56. Canadian Utilities shares last traded at C$34.87, with a volume of 474,317 shares traded.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Scotiabank boosted their price objective on Canadian Utilities from C$37.00 to C$38.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Royal Bank of Canada increased their target price on Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th.

Canadian Utilities Trading Up 0.5 %

The company has a market cap of C$7.20 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.38 and a beta of 0.66. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63. The firm has a fifty day moving average price of C$34.27 and a 200 day moving average price of C$34.92.

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.