Canadian Utilities (TSE:CU) Reaches New 1-Year High – Still a Buy?

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

Analyst Upgrades and Downgrades

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

Canadian Utilities Stock Performance

The business has a 50-day moving average of C$34.77 and a two-hundred day moving average of C$35.13. The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30. The company has a market cap of C$7.66 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.38 and a beta of 0.66.

Canadian Utilities Company Profile

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.