Capital Power (TSE:CPX) Given New C$68.00 Price Target at CIBC

Capital Power (TSE:CPX) had its target price hoisted by CIBC from C$54.00 to C$68.00 in a research note released on Monday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other brokerages have also weighed in on CPX. Desjardins upped their price objective on shares of Capital Power from C$60.00 to C$64.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. ATB Capital upped their price target 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. Royal Bank of Canada cut their price target on 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. TD Securities boosted their price objective on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets increased their target price on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$62.78.

Capital Power Stock Performance

TSE:CPX opened at C$64.30 on Monday. The firm has a market capitalization of C$8.36 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73. The company has a fifty day moving average of C$59.38 and a 200-day moving average of C$49.27. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.06%. Capital Power’s dividend payout ratio (DPR) is currently 51.68%.

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 dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. 0.17% of the stock is currently owned by 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.