Capital Power (TSE:CPX) Price Target Raised to C$68.00

Capital Power (TSE:CPX) had its target price raised by stock analysts at CIBC from C$54.00 to C$68.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “neutral” rating on the stock. CIBC’s target price suggests a potential upside of 6.22% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Scotiabank raised their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Royal Bank of Canada reduced their price objective on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. ATB Capital upped their price target on Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 18th. Atb Cap Markets cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, TD Securities raised their target price on shares of 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Capital Power has a consensus rating of “Hold” and an average price target of C$62.78.

Capital Power Stock Performance

TSE CPX traded up C$0.51 during trading hours on Tuesday, hitting C$64.02. The company had a trading volume of 194,598 shares, compared to its average volume of 497,462. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$68.73. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The company has a market cap of C$8.32 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The business has a 50 day moving average of C$58.04 and a 200-day moving average of C$48.38.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders own 0.17% of the company’s stock.

About Capital Power

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.