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Capital Power Co. (TSE:CPX) Receives Average Recommendation of "Moderate Buy" from Analysts

Capital Power logo with Utilities background

Shares of Capital Power Co. (TSE:CPX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$63.11.

CPX has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Capital Power from a "buy" rating to a "hold" rating and raised their price target for the stock from C$59.00 to C$60.00 in a report on Thursday, June 12th. BMO Capital Markets raised shares of Capital Power from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Desjardins increased their price objective on shares of Capital Power from C$67.00 to C$68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. TD Securities lowered their price objective on shares of Capital Power from C$70.00 to C$66.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, National Bankshares lowered their price objective on shares of Capital Power from C$65.00 to C$62.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st.

View Our Latest Stock Report on CPX

Insider Transactions at Capital Power

In other news, Senior Officer Sandra Anne Haskins sold 5,710 shares of Capital Power stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$53.00, for a total transaction of C$302,631.14. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of Capital Power stock in a transaction on Thursday, May 15th. The stock was sold at an average price of C$53.63, for a total transaction of C$51,590.14. In the last three months, insiders sold 8,672 shares of company stock valued at $460,121. Insiders own 0.17% of the company's stock.

Capital Power Trading Up 1.2%

Shares of TSE CPX traded up C$0.65 during midday trading on Tuesday, reaching C$55.22. 753,915 shares of the stock were exchanged, compared to its average volume of 852,756. The company has a 50 day simple moving average of C$54.86 and a 200 day simple moving average of C$53.51. The stock has a market capitalization of C$7.80 billion, a P/E ratio of 13.12, a PEG ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. Capital Power has a twelve month low of C$39.57 and a twelve month high of C$68.73.

About Capital Power

(Get Free Report

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.

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Analyst Recommendations for Capital Power (TSE:CPX)

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