CIBC Issues Positive Forecast for Canadian Utilities (TSE:CU) Stock Price

Canadian Utilities (TSE:CU - Get Free Report) had its price objective boosted by investment analysts at CIBC from C$38.00 to C$40.00 in a research note issued on Friday,BayStreet.CA reports. CIBC's target price would indicate a potential upside of 13.28% from the stock's previous close.

Separately, Scotiabank upped their price objective 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 Price Performance

TSE:CU traded up C$0.07 during trading hours on Friday, hitting C$35.31. The company's stock had a trading volume of 923,140 shares, compared to its average volume of 547,741. The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30. The company has a market capitalization of C$7.21 billion, a P/E ratio of 19.08, a PEG ratio of 2.38 and a beta of 0.66. Canadian Utilities has a twelve month low of C$29.15 and a twelve month high of C$38.37. The stock has a fifty day simple moving average of C$35.07 and a 200-day simple moving average of C$35.16.

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.