Canadian Utilities (TSE:CU) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Canadian Utilities Limited (TSE:CU) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.17 and traded as high as C$36.04. Canadian Utilities shares last traded at C$36.00, with a volume of 942,947 shares changing hands.

Analysts Set New Price Targets

CU has been the subject of several recent analyst reports. Scotiabank raised 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 note on Thursday, February 13th. CIBC raised their price objective on Canadian Utilities from C$38.00 to C$40.00 in a research report on Friday, April 4th.

Canadian Utilities Stock Performance

The firm has a market cap of C$7.36 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The stock’s 50 day moving average is C$35.20 and its 200 day moving average is C$35.17.

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.