Canadian Utilities (TSE:CU) Sets New 52-Week High – Here’s Why

Shares of Canadian Utilities Limited (TSE:CU) reached a new 52-week high during trading on Monday . The company traded as high as C$37.17 and last traded at C$37.17, with a volume of 207247 shares traded. The stock had previously closed at C$36.76.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upped their price target on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th.

Canadian Utilities Stock Performance

The company has a quick ratio of 1.30, a current ratio of 1.63 and a debt-to-equity ratio of 158.34. The stock has a market capitalization of C$7.66 billion, a PE ratio of 20.26, a PEG ratio of 2.38 and a beta of 0.66. The firm has a 50 day moving average price of C$34.77 and a 200-day moving average price of C$35.13.

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.