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This summary was created by AI, based on 4 opinions in the last 12 months.
Canadian Utilities Preferred 4.6% Perpetual (CIU.PR.A) has garnered positive reviews from various experts, with Michael O'Reilly consistently highlighting it as a 'TOP PICK.' Analysts emphasize the strength of the perpetual dividend, which yields above government bonds and high-interest savings accounts, making it an appealing option for conservative investors, particularly during uncertain market conditions. The majority of reviews recommend setting a stop loss around $19, while targeting a sale price of $25, indicating a potential upside of approximately 15% to over 20%. Additionally, the company's strong asset base, valued at over $22 billion across multiple countries, further supports its investment appeal.
Canadian Utilities Preferred 4.6% Perpetual is a OTC stock, trading under the symbol CIU.PR.A.TO (previously CIU.PR.A-T on Stockchase) on the undefined (undefined). It is usually referred to as or CIU.PR.A.TO
In the last year, 4 stock analysts issued a Buy, Sell, or Hold rating on CIU.PR.A.TO (previously CIU.PR.A-T on Stockchase). 4 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for Canadian Utilities Preferred 4.6% Perpetual.
Canadian Utilities Preferred 4.6% Perpetual was recommended as a Top Pick by The Panic-Proof Portfolio (Stockchase Research) on 2023-06-22. Read the latest stock experts ratings for Canadian Utilities Preferred 4.6% Perpetual.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Canadian Utilities Preferred 4.6% Perpetual.
Canadian Utilities Preferred 4.6% Perpetual is followed by 43 investors on Stockchase and is a trending stock that is worth watching.
During times of market uncertainty holding utilities that pay steady dividends is a conservative strategy. We again reiterate this preferred share from Canadian Utilities as a TOP PICK. Its perpetual dividend pays a robust yield above government bonds and HISAs. We continue to recommend a stop at $19, looking to achieve $25 -- upside potential over 17%. Yield 5%