Capital Power (TSE:CPX) Given New C$68.00 Price Target at ATB Capital

Key Points

• ATB Capital has raised its price target for Capital Power (TSE:CPX) from C$60.00 to C$68.00, reflecting a potential upside of 5.10% from the current price.
• In addition to ATB Capital, other firms such as TD Securities and Desjardins have also increased their price targets for Capital Power, with Desjardins now at C$80.00 and TD Securities at C$72.00.
• Capital Power currently has a consensus rating of Moderate Buy and an average price target of C$68.78, according to MarketBeat data.

Capital Power (TSE:CPX - Get Free Report) had its target price increased by ATB Capital from C$60.00 to C$68.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. ATB Capital's price objective points to a potential upside of 4.02% from the company's previous close.

A number of other brokerages have also recently commented on CPX. Jefferies Financial Group cut shares of Capital Power from a "buy" rating to a "hold" rating and increased their price target for the company from C$59.00 to C$60.00 in a research report on Thursday, June 12th. Desjardins lifted their price objective on Capital Power from C$75.00 to C$80.00 and gave the stock a "buy" rating in a report on Friday. Scotiabank upped their price target on shares of Capital Power from C$67.00 to C$70.00 and gave the stock an "outperform" rating in a research report on Friday. National Bankshares raised 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 note on Friday. Finally, TD Securities increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$68.78.

Capital Power Stock Up 0.6%

Shares of Capital Power stock traded up C$0.36 during trading on Friday, reaching C$65.37. 652,143 shares of the company traded hands, compared to its average volume of 814,998. Capital Power has a 1-year low of C$41.87 and a 1-year high of C$68.73. 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 market capitalization of C$10.14 billion, a PE ratio of 20.95, a P/E/G ratio of 0.91 and a beta of 0.47. The company has a 50 day moving average price of C$59.56 and a 200-day moving average price of C$54.55.

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.