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

Key Points

• Capital Power Co. (TSE:CPX) has received an average analyst recommendation of "Moderate Buy" from eleven brokerages, with three hold ratings, seven buy ratings, and one strong buy rating.
• The average one-year price target set by analysts for Capital Power is C$65.78, with recent boosts to price targets from firms such as CIBC and TD Securities.
• Capital Power's shares opened at C$57.87, with a one-year price range of C$41.87 to C$68.73, reflecting a robust market capitalisation of C$8.17 billion.

Capital Power Co. (TSE:CPX - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$65.78.

A number of analysts have issued reports on CPX shares. CIBC boosted their price objective on shares of Capital Power from C$66.00 to C$72.00 in a report on Thursday, July 10th. TD Securities boosted their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Desjardins boosted their target price on shares of Capital Power from C$67.00 to C$68.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Scotiabank boosted their target price on shares of Capital Power from C$64.00 to C$67.00 in a research report on Friday, July 18th. Finally, 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.

Capital Power Stock Performance

Shares of CPX opened at C$57.87 on Wednesday. The firm has a 50-day moving average of C$58.30 and a 200-day moving average of C$53.50. Capital Power has a one year low of C$41.87 and a one year high of C$68.73. The company has a market cap of C$8.17 billion, a PE ratio of 13.75, a price-to-earnings-growth 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.

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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