Caribbean Utilities (TSE:CUP.U) Given New C$17.00 Price Target at TD Securities

Caribbean Utilities (TSE:CUP.U) had its price objective lifted by TD Securities from C$16.00 to C$17.00 in a report published on Tuesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

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Shares of TSE CUP.U opened at C$16.78 on Tuesday. Caribbean Utilities has a fifty-two week low of C$11.75 and a fifty-two week high of C$17.53. The stock has a market cap of $575.77 million and a price-to-earnings ratio of 21.51. The company has a debt-to-equity ratio of 136.62, a quick ratio of 0.90 and a current ratio of 1.36. The firm’s 50-day simple moving average is C$16.84 and its 200 day simple moving average is C$16.00.

Caribbean Utilities Company Profile

Caribbean Utilities Company, Ltd. engages in the electricity generation, transmission, and distribution activities in Grand Cayman, the Cayman Islands. The company generates electricity using diesel. As of December 31, 2018, it operated diesel generating units with an installed generating capacity of 161 megawatts; and 8 transformer substations with approximately 441 miles of land-based high-voltage transmission and distribution lines, and 15 miles of high-voltage submarine cable.

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