Scotiabank Increases Canadian Utilities (TSE:CU) Price Target to C$38.00

Canadian Utilities (TSE:CU) had its target price increased by Scotiabank from C$37.00 to C$38.00 in a research note released on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, Royal Bank of Canada boosted their target price on shares of Canadian Utilities from C$38.00 to C$39.00 in a research report on Friday, November 15th.

Canadian Utilities Stock Performance

Shares of CU stock opened at C$34.20 on Thursday. The company has a 50 day moving average price of C$34.52 and a 200-day moving average price of C$34.60. The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34. The firm has a market capitalization of C$6.99 billion, a PE ratio of 18.48, a P/E/G ratio of 2.38 and a beta of 0.66. Canadian Utilities has a 52 week low of C$29.15 and a 52 week high of C$37.10.

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.