Canadian Utilities (TSE:CU) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Canadian Utilities Limited (TSE:CU - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$34.78 and traded as high as C$34.86. Canadian Utilities shares last traded at C$34.84, with a volume of 855,723 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on CU. Royal Bank of Canada lifted their price objective on shares of Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th. Scotiabank lifted their price target on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th.

Canadian Utilities Stock Down 0.9 %

The business's 50 day simple moving average is C$34.25 and its 200 day simple moving average is C$34.82. The company has a market capitalization of C$7.19 billion, a PE ratio of 19.01, 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.

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.