CU has been the topic of a number of other reports. CSFB raised Canadian Utilities from a neutral rating to an outperform rating and dropped their price target for the stock from C$38.00 to C$36.00 in a research report on Wednesday. TD Securities dropped their price target on Canadian Utilities from C$37.00 to C$35.00 and set a hold rating on the stock in a research report on Friday, July 27th. CIBC reissued a neutral rating on shares of Canadian Utilities in a research report on Thursday, June 28th. Industrial Alliance Securities dropped their price target on Canadian Utilities from C$36.00 to C$32.00 in a research report on Tuesday, October 9th. Finally, National Bank Financial dropped their price target on Canadian Utilities from C$38.00 to C$36.00 and set a sector perform rating on the stock in a research report on Monday, July 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of C$34.43.
Shares of CU traded up C$0.26 during mid-day trading on Friday, reaching C$31.02. The company had a trading volume of 680,500 shares, compared to its average volume of 252,504. Canadian Utilities has a 52 week low of C$29.12 and a 52 week high of C$39.73.
In related news, Director M. Dean Reeve sold 957 shares of the company’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 value of C$30,241.20. Insiders sold a total of 1,672 shares of company stock worth $51,733 over the last ninety days.
Canadian Utilities Company Profile
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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