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.
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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