CIBC Boosts Capital Power (TSE:CPX) Price Target to C$68.00

Capital Power (TSE:CPX) had its price objective upped by CIBC from C$54.00 to C$68.00 in a research report report published on Tuesday,BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other brokerages have also commented on CPX. BMO Capital Markets boosted their price target on Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a research note on Wednesday, December 18th. National Bankshares boosted their target price 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. ATB Capital increased their target price on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 18th. Scotiabank boosted their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, TD Securities raised their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Capital Power presently has a consensus rating of “Hold” and an average price target of C$62.78.

Capital Power Stock Up 0.8 %

Shares of CPX opened at C$64.02 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The company has a 50-day moving average price of C$58.60 and a two-hundred day moving average price of C$48.74. The stock has a market cap of C$8.32 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$68.73.

Capital Power Dividend Announcement

The business also recently declared 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. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio is currently 51.68%.

Insider Buying and Selling

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction that occurred 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 currently owned by corporate 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.