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

Canadian Utilities Limited (TSE:CU)’s stock price 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CU. Royal Bank of Canada upped their target price on Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th. Scotiabank upped their target price on Canadian Utilities from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th.

Canadian Utilities Trading Up 1.5 %

The company has a market capitalization of C$7.12 billion, a PE ratio of 18.82, 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. The company has a fifty day simple moving average of C$34.22 and a 200-day simple moving average of C$34.79.

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.