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

Capital Power (TSE:CPX) had its target price hoisted by Desjardins from C$60.00 to C$64.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 2.24% from the company’s current price.

Several other brokerages have also weighed in on CPX. CIBC lifted their price objective on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Royal Bank of Canada decreased their price target on shares of 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. TD Securities boosted 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 report on Wednesday, December 4th. ATB Capital raised their price objective on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, National Bankshares upped their target price on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$61.22.

Capital Power Stock Down 0.3 %

TSE CPX opened at C$62.60 on Wednesday. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73. The stock has a market cap of C$8.13 billion, a PE ratio of 12.40, a PEG ratio of 0.91 and a beta of 0.64. The firm has a 50-day simple moving average of C$57.29 and a 200 day simple moving average of C$47.86. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88.

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the business’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 value of C$308,355.00. Insiders own 0.17% of the company’s stock.

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.