Is Buying Stock Like Canadian Utilities Limited After Such Increase Winning Strategy?

 Is Buying Stock Like Canadian Utilities Limited After Such Increase Winning Strategy?

The stock of Canadian Utilities Limited (TSE:CU) is a huge mover today! About 56,572 shares traded hands. Canadian Utilities Limited (TSE:CU) has risen 2.31% since April 12, 2016 and is uptrending. It has underperformed by 2.37% the S&P500.
The move comes after 8 months positive chart setup for the $9.91B company. It was reported on Nov, 16 by Barchart.com. We have $52.48 PT which if reached, will make TSE:CU worth $4.26 billion more.

Canadian Utilities Limited (TSE:CU) Ratings Coverage

Out of 6 analysts covering Canadian Utilities Limited (TSE:CU), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. $47 is the highest target while $32 is the lowest. The $40.25 average target is 9.67% above today’s ($36.7) stock price. Canadian Utilities Limited has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Friday, June 17 the stock rating was maintained by Barclays Capital with “”.

More recent Canadian Utilities Limited (TSE:CU) news were published by: Marketwired.com which released: “Canadian Utilities Limited Eligible Dividends” on April 07, 2016. Also Fool.ca published the news titled: “Is Canadian Utilities Limited or ATCO Ltd. a Better Buy Today?” on November 27, 2015. Fool.ca‘s news article titled: “Should You Buy Canadian Utilities Limited or ATCO Ltd. After the Dip?” with publication date: August 03, 2015 was also an interesting one.

Canadian Utilities Limited is an ATCO company. The company has a market cap of $9.91 billion. The Company’s divisions include Electricity, Pipelines & Liquids and Corporate & Other. It has a 24.42 P/E ratio. The Electricity segment includes businesses of ATCO Electric, ATCO Power and ATCO Power Australia that provide power generation, distributed generation, and electricity distribution, transmission and infrastructure development in northern and central east Alberta, the Yukon, the Northwest Territories and Australia.

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