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

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.

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

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.