Equities researchers at RBC Capital decreased their price objective on shares of Canadian Utilities (TSE:CU) from C$42.00 to C$40.00 in a research report issued on Friday, AnalystRatings.Net reports. RBC Capital’s price objective would suggest a potential upside of 7.99% from the stock’s previous close.
Shares of Canadian Utilities (TSE: CU) opened at 37.04 on Friday. Canadian Utilities has a one year low of $31.555 and a one year high of $75.80. The stock’s 50-day moving average is currently $36.84. The company has a market cap of $9.562 billion and a P/E ratio of 18.54.
A number of other firms have also recently commented on CU. Analysts at Scotiabank cut their price target on shares of Canadian Utilities from C$88.00 to C$44.00 in a research note to investors on Friday, June 28th. Separately, analysts at BMO Capital Markets upgraded shares of Canadian Utilities from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, June 24th. Finally, analysts at Barclays Capital cut their price target on shares of Canadian Utilities from C$84.00 to C$41.00 in a research note to investors on Thursday, June 20th. They now have an “equal weight” rating on the stock.
Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Canadian Utilities currently has a consensus rating of “Hold” and an average price target of C$57.60.
Canadian Utilities Limited is a holding company. The Company operates in four segments: Utilities includes the regulated distribution of natural gas by ATCO Gas, , and the regulated distribution and transmission of electricity by ATCO Electric and its subsidiaries, Northland Utilities, Northland Utilities and Yukon Electrical; Energy includes the non-regulated supply of electricity and cogeneration steam by ATCO Power, and the non-regulated natural gas gathering, processing, storage, and natural gas liquids extraction by ATCO Midstream; ATCO Australia includes the non-regulated supply of electricity and cogeneration steam by ATCO Power Australia, and as of July 29, 2011, the regulated distribution of natural gas by ATCO Gas Australia and the development, operation and support of information systems and technologies by ATCO I-Tek Australia, and Corporate and Other includes its investment in ATCO Structures & Logistics.