Today’s Rating: Desjardins Securities Maintains a Hold Rating on Canadian Utilities Limited (TSE:CU) and $38.00 Target

November 24, 2016 - By Richard Conner

Canadian Utilities Limited (TSE:CU) Rating

Toronto: In an analyst note issued to clients on Thursday morning, Desjardins Securities reaffirmed their Hold rating on shares of Canadian Utilities Limited (TSE:CU). They currently have a $38.00 target price per share on the company. Desjardins Securities’s target suggests a potential upside of 5.56% from the company’s current stock price.

Canadian Utilities Limited (TSE:CU) Ratings Coverage

Out of 6 analysts covering Canadian Utilities Limited (TSE:CU), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. $47 is the highest target while $32 is the lowest. The $40.25 average target is 11.77% above today’s ($36.01) stock price. Canadian Utilities Limited has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Canadian Utilities Limited (TSE:CU) earned “” rating by Barclays Capital on Friday, June 17.

About 93,564 shares traded hands. Canadian Utilities Limited (TSE:CU) has risen 2.41% since April 20, 2016 and is uptrending. It has underperformed by 3.00% the S&P500.

Canadian Utilities Limited is an ATCO company. The company has a market cap of $9.65 billion. The Company’s divisions include Electricity, Pipelines & Liquids and Corporate & Other. It has a 23.96 P/E ratio. The Electricity segment includes businesses of ATCO Electric, ATCO Power and ATCO Power Australia that provide power generation, distributed generation, and electricity distribution, transmission and infrastructure development in northern and central east Alberta, the Yukon, the Northwest Territories and Australia.

More news for Canadian Utilities Limited (TSE:CU) were recently published by: Fool.ca, which released: “Dividend Investors: Consider Canadian Utilities Limited” on November 18, 2016. Fool.ca‘s article titled: “Is Canadian Utilities Limited or ATCO Ltd. a Better Buy Today?” and published on November 27, 2015 is yet another important article.

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