Capital Power Co. (TSE:CPX) Receives C$62.33 Consensus Target Price from Brokerages

Capital Power Co. (TSE:CPX) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$62.33.

CPX has been the topic of a number of recent research reports. BMO Capital Markets reduced their price objective on Capital Power from C$68.00 to C$64.00 and set a “market perform” rating on the stock in a research note on Thursday, February 27th. Cibc World Mkts raised Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. National Bankshares lifted their price objective 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. TD Securities raised their price target on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, CIBC upgraded shares of Capital Power from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from C$68.00 to C$64.00 in a report on Tuesday, February 18th.

Capital Power Price Performance

Shares of TSE:CPX opened at C$48.25 on Friday. The company’s fifty day moving average price is C$51.12 and its 200-day moving average price is C$54.80. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The firm has a market capitalization of C$6.81 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a one year low of C$33.90 and a one year high of C$68.73.

About Capital Power

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.