Canadian Utilities (CU) Received New C$32.00 Target Price at Industrial Alliance Securities

Canadian Utilities (CU) Received New C$32.00 Target Price at Industrial Alliance Securities

Canadian Utilities (TSE:CU) had its price objective decreased by research analysts at Industrial Alliance Securities from C$36.00 to C$32.00 in a note issued to investors on Tuesday. Industrial Alliance Securities’ price target would indicate a potential upside of 7.56% from the stock’s current price.

Several other analysts also recently commented on CU. CIBC reaffirmed a “neutral” rating on shares of Canadian Utilities in a report on Thursday, June 28th. TD Securities decreased their target price on shares of Canadian Utilities from C$37.00 to C$35.00 and set a “hold” rating for the company in a research note on Friday, July 27th. National Bank Financial decreased their target price on shares of Canadian Utilities from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Monday, July 30th. Finally, BMO Capital Markets decreased their target price on shares of Canadian Utilities from C$37.00 to C$35.00 in a research note on Tuesday, September 11th. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of C$36.00.

Shares of CU stock traded down C$0.75 during trading hours on Tuesday, hitting C$29.75. The company’s stock had a trading volume of 228,477 shares, compared to its average volume of 242,496. Canadian Utilities has a 12-month low of C$29.72 and a 12-month high of C$39.88.

Canadian Utilities (TSE:CU) last released its quarterly earnings data on Thursday, July 26th. The company reported C$0.39 EPS for the quarter. The business had revenue of C$967.00 million for the quarter. Canadian Utilities had a net margin of 5.70% and a return on equity of 3.91%.

In related news, Director M. Dean Reeve sold 957 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of C$31.60, for a total value of C$30,241.20.

Canadian Utilities Company Profile

Canadian Utilities Limited engages in the electricity, and pipelines and liquids businesses. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment engages in the generation, transmission, and distribution of electricity using coal, natural gas, hydroelectric, and wind resources, as well as related infrastructure development in Western Canada, Ontario, the Yukon, the Northwest Territories, Australia, and Mexico.

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