Capital Power Co. (TSE:CPX) Receives C$63.11 Average Target Price from Analysts

Capital Power Co. (TSE:CPX - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price 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 research reports. ATB Capital lowered their target price on Capital Power from C$63.00 to C$62.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Cibc World Mkts upgraded Capital Power from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Desjardins lifted their price objective 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. TD Securities lowered their price objective on 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, Jefferies Financial Group lowered Capital Power from a "buy" rating to a "hold" rating and lifted their price objective for the stock from C$59.00 to C$60.00 in a research report on Thursday.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Jason Daniel Comandante sold 2,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$52.95, for a total transaction of C$105,900.00. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of Capital Power stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$53.63, for a total value of C$51,590.14. Over the last quarter, insiders have sold 8,672 shares of company stock worth $460,121. Insiders own 0.17% of the company's stock.

Capital Power Price Performance

Shares of TSE:CPX traded down C$0.01 during midday trading on Friday, reaching C$56.08. The company's stock had a trading volume of 839,236 shares, compared to its average volume of 882,074. Capital Power has a fifty-two week low of C$38.33 and a fifty-two week high of C$68.73. The company has a market capitalization of C$7.92 billion, a P/E ratio of 13.32, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The business's fifty day simple moving average is C$52.30 and its 200-day simple moving average is C$54.29.

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.