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

Capital Power (TSE:CPX) had its target price raised by stock analysts at Scotiabank from C$66.00 to C$69.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 7.86% from the stock’s current price.

Other analysts have also recently issued research reports about the company. TD Securities lifted their target price on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. ATB Capital upped their target price on shares of Capital Power from C$55.00 to C$57.00 in a research report on Wednesday, November 27th. Royal Bank of Canada dropped their price objective on 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. CIBC upped their target price on Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Atb Cap Markets downgraded Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Capital Power currently has an average rating of “Hold” and a consensus price target of C$61.22.

Capital Power Stock Performance

Shares of CPX traded up C$0.65 during midday trading on Wednesday, reaching C$63.97. 287,473 shares of the stock were exchanged, compared to its average volume of 493,073. The business’s 50-day moving average price is C$57.04 and its 200 day moving average price is C$47.68. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73. The company has a market capitalization of C$8.31 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.91 and a beta of 0.64.

Insider Buying and Selling at Capital Power

In related 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 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.