BMO Capital Markets Raises Capital Power (TSE:CPX) Price Target to C$68.00

Capital Power (TSE:CPX) had its price target boosted by analysts at BMO Capital Markets from C$56.00 to C$68.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 6.30% from the stock’s previous close.

CPX has been the topic of a number of other reports. Desjardins lifted their target price on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Scotiabank raised shares of Capital Power from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$46.00 to C$60.00 in a research report on Thursday, October 31st. National Bankshares increased their price objective on shares of Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Royal Bank of Canada dropped 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. Finally, Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$61.22.

Capital Power Trading Up 1.0 %

CPX stock traded up C$0.65 during mid-day trading on Wednesday, hitting C$63.97. 287,473 shares of the company were exchanged, compared to its average volume of 493,073. The business has a fifty day simple moving average of C$57.04 and a 200-day simple moving average of C$47.68. The company has a quick ratio of 0.55, a current ratio of 0.88 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 has a market capitalization of C$8.31 billion, a P/E ratio of 12.67, a PEG ratio of 0.91 and a beta of 0.64.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s 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. 0.17% of the stock is owned by company 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.