Capital Power Co. (TSE:CPX) Receives C$61.22 Consensus Target Price from Brokerages

Capital Power Co. (TSE:CPX) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$61.22.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada cut their price objective 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 report on Thursday, October 31st. Scotiabank upped their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. National Bankshares lifted their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. Desjardins upped their target price on Capital Power from C$60.00 to C$64.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, ATB Capital raised their target price on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a report on Wednesday, December 18th.

Capital Power Stock Up 0.9 %

Shares of CPX opened at C$63.15 on Friday. 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 firm’s 50 day moving average is C$57.79 and its 200-day moving average is C$48.21. The stock has a market capitalization of C$8.21 billion, a PE ratio of 12.50, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given 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 4.13%. Capital Power’s dividend payout ratio is presently 51.68%.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. 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.