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

Canadian Utilities (TSE:CU) had its price objective decreased by Industrial Alliance Securities from C$36.00 to C$32.00 in a research report sent to investors on Tuesday morning.

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

Shares of TSE:CU opened at C$29.17 on Tuesday. Canadian Utilities has a one year low of C$29.17 and a one year high of C$39.88.

Canadian Utilities (TSE:CU) last announced its earnings results 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 return on equity of 3.91% and a net margin of 5.70%.

In other Canadian Utilities news, Director M. Dean Reeve sold 957 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of C$31.60, for a total transaction of C$30,241.20.

About Canadian Utilities

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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