Canadian Utilities (TSE:CU) Share Price Crosses Above 200 Day Moving Average of $32.09

Canadian Utilities Limited (TSE:CU)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$32.09 and traded as high as C$34.24. Canadian Utilities shares last traded at C$34.12, with a volume of 388,424 shares changing hands.

CU has been the subject of a number of recent analyst reports. Credit Suisse Group reduced their target price on Canadian Utilities to C$35.00 and set an “outperform” rating for the company in a report on Tuesday, February 2nd. CIBC cut their price target on Canadian Utilities from C$36.00 to C$35.00 in a research note on Friday, February 26th. Finally, CSFB downgraded Canadian Utilities from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from C$35.00 to C$36.00 in a research note on Wednesday, February 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Canadian Utilities currently has an average rating of “Buy” and an average price target of C$35.75.

The firm’s 50 day moving average is C$32.38 and its two-hundred day moving average is C$32.11. The stock has a market cap of C$9.30 billion and a price-to-earnings ratio of 25.95. The company has a current ratio of 1.82, a quick ratio of 1.72 and a debt-to-equity ratio of 134.15.

Canadian Utilities (TSE:CU) last announced its earnings results on Thursday, February 25th. The company reported C$0.68 earnings per share for the quarter, beating the consensus estimate of C$0.62 by C$0.06. The firm had revenue of C$881.00 million during the quarter. As a group, equities analysts expect that Canadian Utilities Limited will post 2.13 EPS for the current fiscal year.

In related news, Director Siegfried W. Kiefer sold 3,400 shares of the business’s stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of C$24.74, for a total value of C$84,099.00. Following the completion of the transaction, the director now owns 54,242 shares of the company’s stock, valued at approximately C$1,341,675.87. Insiders sold a total of 5,100 shares of company stock valued at $136,478 in the last three months.

Canadian Utilities Company Profile (TSE:CU)

Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy businesses worldwide. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment provides electricity generation, transmission, and distribution; and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, in Canada, as well as in Australia and Mexico.

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