Canadian Utilities (TSE:CU) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Canadian Utilities Limited (TSE:CU) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$34.47. Canadian Utilities shares last traded at C$34.33, with a volume of 125,991 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price target on shares of Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th.

Canadian Utilities Trading Down 1.2 %

The business’s 50 day simple moving average is C$35.07 and its 200 day simple moving average is C$34.18. The stock has a market cap of C$6.94 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 2.38 and a beta of 0.66. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94.

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.