Capital Power (TSE:CPX) Price Target Raised to C$68.00 at BMO Capital Markets

Capital Power (TSE:CPX) had its price objective boosted by BMO Capital Markets from C$56.00 to C$68.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other analysts also recently weighed in on the stock. CIBC increased their price target on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. ATB Capital boosted their price target on shares of Capital Power from C$55.00 to C$57.00 in a report on Wednesday, November 27th. Desjardins raised their price objective on Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada decreased their target price on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$61.22.

Capital Power Trading Up 0.9 %

TSE CPX opened at C$63.15 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$68.73. The company has a market capitalization of C$8.21 billion, a PE ratio of 12.50, a P/E/G ratio of 0.91 and a beta of 0.64. The stock has a 50-day simple moving average of C$57.79 and a 200 day simple moving average of C$48.21.

Capital Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.652 dividend. This represents a $2.61 annualized dividend and a yield of 4.13%. The ex-dividend date is Tuesday, December 31st. Capital Power’s payout ratio is 51.68%.

Insiders Place Their Bets

In related news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction dated 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.