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

Shares of Capital Power Co. (TSE:CPX - Get Free Report) have been given an average rating of "Moderate Buy" by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$64.00.

A number of equities analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of Capital Power from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. CIBC raised shares of Capital Power from a "neutral" rating to an "outperform" rating and cut their price target for the company from C$68.00 to C$64.00 in a report on Tuesday, February 18th. Desjardins upped their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Cibc World Mkts raised shares of Capital Power from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Finally, ATB Capital cut their price target on shares of Capital Power from C$63.00 to C$62.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th.

Capital Power Price Performance

CPX traded up C$0.12 on Thursday, reaching C$50.73. The company had a trading volume of 724,449 shares, compared to its average volume of 983,993. The company has a fifty day moving average of C$48.12 and a 200-day moving average of C$54.50. The company has a market capitalization of C$7.16 billion, a P/E ratio of 12.05, a PEG ratio of 0.91 and a beta of 0.64. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. Capital Power has a one year low of C$33.90 and a one year 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.