Capital Power Co. (TSE:CPX) Receives C$55.11 Average Price Target from Brokerages

Capital Power Co. (TSE:CPX - Get Free Report) has received a consensus recommendation of "Hold" from the ten ratings firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$55.11.

CPX has been the subject of several recent analyst reports. Atb Cap Markets downgraded shares of Capital Power from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Scotiabank raised shares of Capital Power from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$46.00 to C$60.00 in a research note on Thursday, October 31st. CIBC raised their target price on Capital Power from C$52.00 to C$54.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. National Bankshares boosted their target price on Capital Power from C$47.00 to C$56.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, ATB Capital increased their price target on Capital Power from C$52.00 to C$55.00 and gave the stock a "sector perform" rating in a report on Thursday, October 31st.

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the company's stock in a transaction 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. Insiders sold a total of 6,300 shares of company stock worth $317,981 in the last quarter. 0.17% of the stock is owned by company insiders.

Capital Power Trading Down 0.1 %

Capital Power stock traded down C$0.07 during trading hours on Monday, reaching C$61.00. 567,723 shares of the company's stock were exchanged, compared to its average volume of 466,718. The firm's 50 day simple moving average is C$52.60 and its 200 day simple moving average is C$44.91. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$61.64. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The firm has a market capitalization of C$7.93 billion, a PE ratio of 12.09, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.28%. Capital Power's payout ratio is 51.68%.

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.