Desjardins Raises Capital Power (TSE:CPX) Price Target to C$64.00

Capital Power (TSE:CPX) had its price target upped by Desjardins from C$60.00 to C$64.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 0.05% from the company’s previous close.

CPX has been the topic of several other reports. ATB Capital upped their price objective on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Wednesday. Royal Bank of Canada lowered their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. CIBC increased their price target on Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. National Bankshares increased their price target on Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, TD Securities upped their price objective on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$61.22.

Capital Power Stock Up 1.0 %

CPX stock traded up C$0.65 during midday trading on Wednesday, hitting C$63.97. The company’s stock had a trading volume of 287,473 shares, compared to its average volume of 493,073. The company has a market cap of C$8.31 billion, a PE ratio of 12.67, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$68.73. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The firm’s 50-day moving average is C$57.04 and its 200-day moving average is C$47.68.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Company insiders own 0.17% of the company’s stock.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.