CIBC Increases Capital Power (TSE:CPX) Price Target to C$68.00

Capital Power (TSE:CPX) had its price objective increased by stock analysts at CIBC from C$54.00 to C$68.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 6.22% from the company’s current price.

Several other brokerages also recently commented on CPX. Royal Bank of Canada dropped their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. ATB Capital lifted their price objective on Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 18th. Scotiabank increased their target price on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. National Bankshares lifted their price target on 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. Finally, Desjardins increased their price objective on Capital Power from C$60.00 to C$64.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$62.78.

Capital Power Trading Up 0.8 %

TSE:CPX opened at C$64.02 on Tuesday. The company’s 50 day moving average is C$58.32 and its 200-day moving average is C$48.56. The company has a quick ratio of 0.55, a current ratio of 0.88 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 firm has a market cap of C$8.32 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.91 and a beta of 0.64.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were 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.

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.