Capital Power (TSE:CPX) Stock Rating Upgraded by CIBC

CIBC upgraded shares of Capital Power (TSE:CPX - Free Report) from a neutral rating to an outperform rating in a report published on Tuesday,BayStreet.CA reports. CIBC currently has C$64.00 price target on the stock, down from their previous price target of C$68.00.

Other research analysts also recently issued research reports about the company. 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 for the company in a report on Thursday, October 31st. ATB Capital increased their target price on Capital Power from C$57.00 to C$63.00 and gave the company a "sector perform" rating in a research note on Wednesday, December 18th. TD Securities lifted their price target 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. Atb Cap Markets cut shares of Capital Power from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. Finally, National Bankshares boosted their target price on shares of Capital Power from C$56.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$62.89.

Capital Power Trading Down 1.9 %

CPX stock traded down C$1.05 during midday trading on Tuesday, reaching C$53.43. 743,197 shares of the company's stock traded hands, compared to its average volume of 897,808. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$68.73. The business has a 50-day moving average price of C$58.47 and a two-hundred day moving average price of C$53.82. The company has a market capitalization of C$7.55 billion, a P/E ratio of 12.70, a PEG ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55.

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.