Capital Power (TSE:CPX) Price Target Raised to C$64.00

Capital Power (TSE:CPX) had its price target lifted by stock analysts at Desjardins from C$60.00 to C$64.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 0.05% from the company’s current price.

A number of other analysts also recently issued reports on the company. BMO Capital Markets raised their target price on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday. National Bankshares lifted 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. CIBC lifted their price objective 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. Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, ATB Capital lifted their price objective 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Capital Power currently has a consensus rating of “Hold” and an average target price of C$61.22.

Capital Power Stock Performance

TSE:CPX traded up C$0.65 during trading hours on Wednesday, reaching C$63.97. The stock had a trading volume of 287,473 shares, compared to its average volume of 493,073. 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 stock has a 50 day simple moving average of C$57.04 and a 200 day simple moving average of C$47.68. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$68.73. The stock has a market cap of C$8.31 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction that occurred 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. 0.17% of the stock is owned by company insiders.

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.