Capital Power Co. (TSE:CPX) Receives C$55.11 Consensus Target Price from Analysts

Shares of Capital Power Co. (TSE:CPX) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$55.33.

A number of research firms have commented on CPX. BMO Capital Markets boosted their price target on shares of Capital Power from C$47.00 to C$56.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Scotiabank upgraded Capital Power from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$46.00 to C$60.00 in a research report on Thursday, October 31st. National Bankshares raised their price target on Capital Power from C$47.00 to C$56.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. ATB Capital boosted their price objective on Capital Power from C$55.00 to C$57.00 in a research note on Wednesday, November 27th. Finally, CIBC raised their target price on Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st.

Capital Power Stock Up 0.4 %

Shares of TSE:CPX opened at C$62.28 on Monday. The company’s fifty day moving average is C$54.09 and its 200-day moving average is C$45.82. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$64.39. The company has a market capitalization of C$8.09 billion, a PE ratio of 12.33, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.652 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.19%. Capital Power’s dividend payout ratio is currently 51.68%.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s 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. In the last 90 days, insiders sold 6,300 shares of company stock valued at $317,981. 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.