Capital Power (TSE:CPX) Price Target Raised to C$57.00 at ATB Capital

Capital Power (TSE:CPX) had its price target lifted by research analysts at ATB Capital from C$55.00 to C$57.00 in a report issued on Wednesday,BayStreet.CA reports. ATB Capital’s price target indicates a potential downside of 10.97% from the stock’s current price.

CPX has been the topic of several other research reports. BMO Capital Markets increased their price target on shares of Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Desjardins increased their price target 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. Scotiabank raised shares of Capital Power from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$46.00 to C$60.00 in a report on Thursday, October 31st. Finally, CIBC upped their price objective on shares of Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$55.33.

Capital Power Stock Up 3.4 %

Capital Power stock traded up C$2.11 during trading hours on Wednesday, hitting C$64.02. The company had a trading volume of 367,625 shares, compared to its average volume of 466,182. The firm’s fifty day moving average is C$53.21 and its 200-day moving average is C$45.27. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$64.39. The firm has a market capitalization of C$8.32 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55.

Insider Buying and Selling at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders sold a total of 6,300 shares of company stock valued at $317,981 in the last ninety days. Company 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.