Capital Power (TSE:CPX - Get Free Report) had its price target increased by stock analysts at BMO Capital Markets from C$56.00 to C$68.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a "market perform" rating on the stock. BMO Capital Markets' price target indicates a potential upside of 8.35% from the company's previous close.
Several other analysts also recently weighed in on CPX. TD Securities lifted their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Atb Cap Markets lowered Capital Power from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Desjardins upped their target price on Capital Power from C$56.00 to C$60.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. ATB Capital increased their target price on shares of Capital Power from C$55.00 to C$57.00 in a report on Wednesday, November 27th. Finally, CIBC boosted their price target on shares of Capital Power from C$52.00 to C$54.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$61.22.
View Our Latest Research Report on Capital Power
Capital Power Trading Down 0.9 %
Shares of TSE:CPX traded down C$0.56 during trading hours on Wednesday, hitting C$62.76. 994,482 shares of the company's stock traded hands, compared to its average volume of 496,004. The firm has a market capitalization of C$8.16 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The business has a fifty day moving average price of C$57.04 and a 200-day moving average price of C$47.68. 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 current ratio of 0.88 and a quick ratio of 0.55.
Insider Activity
In related news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction that occurred on Friday, October 4th. The shares were 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.
About Capital Power
(
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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.
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