Capital Power Co. (TSE:CPX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Capital Power Co. has received a consensus recommendation of "Moderate Buy" from eleven brokerages, with three holding, seven buying, and one giving a strong buy rating.
• The average target price among analysts for Capital Power is C$68.78, with several firms raising their target prices recently.
• Shares of Capital Power opened at C$65.01, representing a 0.1% decline, and the company has a market capitalization of C$10.08 billion.

Capital Power Co. (TSE:CPX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$68.78.

A number of research analysts recently issued reports on CPX shares. National Bankshares boosted their target price on shares of Capital Power from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research report on Friday. TD Securities boosted their target price on shares of Capital Power from C$69.00 to C$72.00 and gave the company a "buy" rating in a research report on Friday. Royal Bank Of Canada upgraded shares of Capital Power from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$65.00 to C$67.00 in a research report on Thursday, July 31st. ATB Capital boosted their target price on shares of Capital Power from C$60.00 to C$68.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, CIBC boosted their target price on shares of Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th.

Capital Power Stock Down 0.1%

Shares of TSE CPX opened at C$65.01 on Friday. The company has a market capitalization of C$10.08 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 0.91 and a beta of 0.47. Capital Power has a 52-week low of C$41.87 and a 52-week 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's 50 day moving average price is C$59.42 and its 200-day moving average price is C$54.37.

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.

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