Capital Power (TSE:CPX) Price Target Raised to C$66.00

Key Points

• The price target for Capital Power has been raised from C$64.00 to C$66.00 by National Bankshares, maintaining an "outperform" rating on the stock.
• Multiple analysts have issued various ratings for Capital Power, with the consensus target price currently set at C$68.78, indicating a generally positive outlook.
• Despite a slight decline in stock price to C$64.70, Capital Power's market cap stands at C$10.04 billion, reflecting a solid financial position within the energy sector.

Capital Power (TSE:CPX - Get Free Report) had its price objective upped by National Bankshares from C$64.00 to C$66.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bankshares' target price points to a potential upside of 0.96% from the stock's current price.

Other research analysts also recently issued reports about the company. Scotiabank lifted their target price on Capital Power from C$67.00 to C$70.00 and gave the stock an "outperform" rating in a research note on Friday. Royal Bank Of Canada upgraded Capital Power from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$65.00 to C$67.00 in a research note on Thursday, July 31st. Desjardins boosted their price target on Capital Power from C$75.00 to C$80.00 and gave the company a "buy" rating in a research note on Friday. CIBC boosted their price target on Capital Power from C$66.00 to C$72.00 in a research note on Thursday, July 10th. Finally, Jefferies Financial Group downgraded Capital Power from a "buy" rating to a "hold" rating and upped their target price for the company from C$59.00 to C$60.00 in a research report on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$68.78.

Capital Power Stock Up 0.6%

CPX traded up C$0.36 during trading hours on Friday, hitting C$65.37. 652,143 shares of the company's stock were exchanged, compared to its average volume of 814,998. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. The stock's 50-day moving average is C$59.56 and its two-hundred day moving average is C$54.55. The stock has a market cap of C$10.14 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 0.91 and a beta of 0.47. Capital Power has a 1-year low of C$41.87 and a 1-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.