Capital Power (TSE:CPX - Get Free Report) had its price objective upped by investment analysts at Desjardins from C$60.00 to C$64.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target points to a potential upside of 1.98% from the stock's current price.
A number of other research analysts have also weighed in on CPX. Royal Bank of Canada reduced 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 research note on Thursday, October 31st. National Bankshares raised their price objective on Capital Power from C$56.00 to C$65.00 and gave the company an "outperform" rating in a research note on Wednesday. BMO Capital Markets upped their target price on shares of Capital Power from C$56.00 to C$68.00 and gave the company a "market perform" rating in a research note on Wednesday. Scotiabank raised their price objective on Capital Power from C$66.00 to C$69.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, CIBC boosted their target price on shares of 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$61.22.
View Our Latest Stock Analysis on Capital Power
Capital Power Price Performance
Shares of TSE:CPX traded down C$0.56 during midday trading on Wednesday, hitting C$62.76. 994,482 shares of the stock were exchanged, compared to its average volume of 496,004. The company has a 50 day moving average price of C$57.04 and a 200-day moving average price of C$47.68. The stock has a market cap of C$8.16 billion, a P/E ratio of 12.43, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a twelve month low of C$33.90 and a twelve 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.
Insider Buying and Selling
In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Corporate 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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