Capital Power Co. (TSE:CPX) Receives C$65.78 Consensus Price Target from Brokerages

Key Points

• Capital Power Co. has received a consensus rating of "Moderate Buy" from eleven analysts, with three hold ratings, seven buy ratings, and one strong buy rating.
• Recent upgrades include a price target increase from C$65.00 to C$67.00 by the Royal Bank of Canada and from C$66.00 to C$69.00 by TD Securities.
• The current stock price for Capital Power is C$56.51, with a market cap of approximately C$7.98 billion and a P/E ratio of 13.43.

Capital Power Co. (TSE:CPX - Get Free Report) has received an average rating of "Moderate Buy" from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$65.78.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada raised Capital Power from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$65.00 to C$67.00 in a report on Thursday. CIBC increased their price objective on Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. Desjardins raised their price target on 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. BMO Capital Markets upgraded Capital Power from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Scotiabank lifted their target price on Capital Power from C$64.00 to C$67.00 in a research report on Friday, July 18th.

Capital Power Stock Down 2.7%

TSE CPX traded down C$1.57 during trading hours on Friday, reaching C$56.51. 767,201 shares of the company's stock were exchanged, compared to its average volume of 858,978. The company's 50-day moving average is C$57.05 and its two-hundred day moving average is C$53.13. Capital Power has a one year low of C$41.87 and a one year high of C$68.73. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The company has a market capitalization of C$7.98 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Insider Buying and Selling at Capital Power

In other Capital Power news, 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. Also, Senior Officer Sandra Anne Haskins sold 5,710 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$53.00, for a total value of C$302,631.14. Over the last 90 days, insiders sold 8,672 shares of company stock worth $460,121. 0.17% of the stock is owned by insiders.

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.