Canadian Utilities (TSE:CU) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Canadian Utilities Limited (TSE:CU) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$35.05 and traded as high as C$36.49. Canadian Utilities shares last traded at C$36.23, with a volume of 313,317 shares changing hands.

Analysts Set New Price Targets

Separately, Scotiabank raised their target price on Canadian Utilities from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th.

Canadian Utilities Stock Performance

The business’s 50-day moving average price is C$34.61 and its 200-day moving average price is C$35.08. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63. The stock has a market cap of C$7.41 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.38 and a beta of 0.66.

About Canadian Utilities

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.