Capital Power (TSE:CPX) Given New C$69.00 Price Target at Scotiabank

Capital Power (TSE:CPX) had its price objective upped by analysts at Scotiabank from C$66.00 to C$69.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 10.22% from the stock’s current price.

Several other research analysts also recently weighed in on CPX. TD Securities upped 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. Royal Bank of Canada cut their target price on shares of 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. Desjardins lifted their price target on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets increased their price objective on shares of Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, ATB Capital lifted their target price on Capital Power from C$55.00 to C$57.00 in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$61.22.

Capital Power Stock Performance

TSE CPX opened at C$62.60 on Wednesday. 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 twelve month low of C$33.90 and a twelve month high of C$68.73. The business has a 50-day moving average price of C$57.29 and a 200-day moving average price of C$47.86. The firm has a market cap of C$8.13 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Insider Buying and Selling at Capital Power

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 transaction of C$308,355.00. Company insiders own 0.17% of the company’s stock.

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.