Capital Power (TSE:CPX) Downgraded by Jefferies Financial Group to Hold

Capital Power (TSE:CPX - Get Free Report) was downgraded by investment analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$60.00 price objective on the stock, up from their prior price objective of C$59.00. Jefferies Financial Group's price target would indicate a potential upside of 7.57% from the stock's previous close.

A number of other analysts have also recently commented on the stock. National Bankshares cut their price target on shares of Capital Power from C$65.00 to C$62.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. BMO Capital Markets raised shares of Capital Power from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. TD Securities reduced their target price on Capital Power from C$70.00 to C$66.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. ATB Capital reduced their price target on shares of Capital Power from C$63.00 to C$62.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Finally, Desjardins lifted their target price on 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. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$63.11.

Capital Power Stock Down 0.7%

TSE:CPX traded down C$0.39 on Thursday, hitting C$55.78. 35,333 shares of the company's stock were exchanged, compared to its average volume of 878,583. 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 firm has a 50-day moving average price of C$51.82 and a 200-day moving average price of C$54.42. The company has a market cap of C$7.88 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a 52 week low of C$38.33 and a 52 week high of C$68.73.

Insider Buying and Selling at Capital Power

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were 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 stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of C$53.00, for a total value of C$302,631.14. In 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 Company Profile

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.