Capital Power (TSE:CPX) Price Target Raised to C$63.00

Capital Power (TSE:CPX) had its target price increased by ATB Capital from C$57.00 to C$63.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other equities analysts have also recently commented on the company. CIBC raised their target price on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Scotiabank raised their price objective on Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday. National Bankshares increased their target price on shares of Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Desjardins increased their price objective on shares of 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. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$61.22.

Capital Power Stock Up 0.9 %

Shares of CPX stock 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 stock has a market cap of C$8.21 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a 50 day simple moving average of C$57.79 and a two-hundred day simple moving average of C$48.21.

Capital Power Announces Dividend

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

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the 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. 0.17% of the stock is currently owned by insiders.

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.