Royal Bank Of Canada Cuts Canadian Utilities Limited (CU) Price Target to C$40.00

Canadian Utilities Limited (TSE:CU) had its price target decreased by Royal Bank Of Canada from C$41.00 to C$40.00 in a report published on Friday. Royal Bank Of Canada currently has a sector perform rating on the stock.

Separately, National Bank Financial cut shares of Canadian Utilities Limited from an outperform rating to a sector perform rating and set a C$45.00 target price on the stock. in a report on Friday, July 28th.

Shares of Canadian Utilities Limited (TSE:CU) opened at 38.66 on Friday. The stock has a 50 day moving average price of $38.78 and a 200 day moving average price of $39.84. Canadian Utilities Limited has a 12 month low of $34.83 and a 12 month high of $42.44. The firm has a market capitalization of $10.41 billion and a P/E ratio of 18.07.

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In other news, Director Karen Ann Nielsen bought 3,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of C$38.87 per share, with a total value of C$116,610.00. Also, Director Linda A. Southern-Heathcott sold 1,490 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of C$38.05, for a total transaction of C$56,694.50. Over the last ninety days, insiders sold 3,424 shares of company stock worth $130,816.

About Canadian Utilities Limited

Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL).

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