Canadian Utilities Receiving Average 'Hold' Recommendation from Analysts

Canadian Utilities Limited (TSE:CU) has received an average recommendation of 'Hold' from seven research firms covering the company, according to Marketbeat Ratings. The analysts have assigned a price target of C$53.14 for the next year.

This is based on reports from BMO Capital Markets, Royal Bank Of Canada, Scotiabank, TD, and National Bank Financial, all of which upgraded their price targets in July. BMO raised its target to C$55.00 with a 'market perform' rating, while Royal Bank Of Canada lifted its target to C$58.00 with a 'sector perform' rating.

The company's market capitalization is C$14.00 billion, and it has a price-to-earnings ratio of 321.38. Canadian Utilities reported earnings per share (EPS) of C$0.51 for the quarter ended July 29th, with revenue of C$914.00 million.