CIBC lowers Canadian Utilities (TSE:CU) price target to C$34.00

Canadian Utilities (TSE:CU – Get a Free Report) The price target was cut by analysts at CIBC from C$35.00 to C$34.00 in a report released on Friday, BayStreet.CA reported. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 12.58% from the company’s previous closing price.

Performance of Canadian Utilities

Shares of CU opened at C$30.20 on Friday. Canadian Utilities has a one-year low of C$28.13 and a one-year high of C$39.87. The company has a 50-day moving average of $30.51 and a two-hundred-day moving average of $30.72. The stock has a market cap of C$6.17 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 2.38 and a beta of 0.60. The company has a debt-to-equity ratio of 147.99, a current ratio of 1.01 and a quick ratio of 1.30.

Canadian Utilities (TSE:CU – Get Free Report) last reported its earnings results on Thursday, February 29. The company reported earnings per share of €0.71 for the quarter, beating the consensus estimate of €0.69 by €0.02. Canadian Utilities had a net margin of 18.63% and a return on equity of 10.08%. The company had revenue of C$974.00 million during the quarter. On average, equity analysts expect that Canadian Utilities will post 2.3547141 earnings per share for the current year.

Buying and selling with insider information

In related news, insider sold Sentgraf Enterprises Ltd. 50,196 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of C$30.77, for a total transaction of C$1,544,530.92. 38.21% of the shares are currently owned by industry insiders.

Company Profile of Canadian Utilities

(Get a free report)

Canadian Utilities Limited, together with its subsidiaries, operates in the electricity, natural gas, renewable energy, pipeline, liquids and retail energy sectors in Canada, Australia and internationally. It operates through the 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 eastern 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.

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