Canadian Utilities (TSE:CU) Stock Crosses Above 200 Day Moving Average of $0.00

Canadian Utilities Limited (TSE:CU)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $36.39. Canadian Utilities shares last traded at $36.33, with a volume of 78,735 shares changing hands.

CU has been the subject of a number of research analyst reports. CSFB lifted their price target on Canadian Utilities from C$36.00 to C$40.00 in a report on Tuesday, May 28th. BMO Capital Markets lifted their price target on Canadian Utilities from C$37.00 to C$38.00 and gave the company a “market perform” rating in a report on Wednesday, June 26th. Finally, Royal Bank of Canada lifted their price target on Canadian Utilities from C$35.00 to C$37.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$37.13.

The stock has a market capitalization of $9.94 billion and a PE ratio of 11.00. The company has a debt-to-equity ratio of 139.39, a current ratio of 1.15 and a quick ratio of 0.28. The business has a fifty day moving average price of C$36.63.

In other news, Director Steven R. Piepgrass sold 700 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$36.46, for a total transaction of C$25,522.00. Following the completion of the transaction, the director now directly owns 3,233 shares in the company, valued at approximately C$117,875.18.

About Canadian Utilities (TSE:CU)

Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy businesses worldwide. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment provides electricity generation, transmission, distribution; and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, in Canada, as well as in Australia and Mexico.

Further Reading: Cost of Goods Sold (COGS)

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