CIBC Forecasts Strong Price Appreciation for Canadian Utilities (TSE:CU) Stock

Canadian Utilities (TSE:CU) had its price objective increased by CIBC from C$38.00 to C$40.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Separately, Scotiabank lifted their target price on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th.

Canadian Utilities Stock Down 3.3 %

CU opened at C$36.65 on Friday. The company has a market capitalization of C$7.49 billion, a P/E ratio of 19.80, 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 current ratio of 1.63 and a quick ratio of 1.30. The firm’s fifty day moving average price is C$34.97 and its two-hundred day moving average price is C$35.17. Canadian Utilities has a fifty-two week low of C$29.15 and a fifty-two week high of C$38.37.

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.