Desjardins Increases Capital Power (TSE:CPX) Price Target to C$80.00

Key Points

• Capital Power's price target was raised by Desjardins from C$75.00 to C$80.00, indicating a potential upside of 23.65% from its previous close.
• The company currently holds a consensus rating of "Moderate Buy" with one Strong Buy, seven Buy, and three Hold ratings.
• As of Friday, Capital Power's stock traded at C$64.70 with a market capitalization of C$10.04 billion.

Capital Power (TSE:CPX - Get Free Report) had its price target boosted by research analysts at Desjardins from C$75.00 to C$80.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target suggests a potential upside of 22.38% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. National Bankshares lifted their price objective on shares of Capital Power from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Scotiabank lifted their price target on shares of Capital Power from C$64.00 to C$67.00 in a research note on Friday, July 18th. Royal Bank Of Canada upgraded Capital Power from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$65.00 to C$67.00 in a research note on Thursday, July 31st. TD Securities increased their price objective on Capital Power from C$66.00 to C$69.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Finally, CIBC boosted their price objective on shares of Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$68.78.

Capital Power Stock Performance

Shares of CPX stock traded up C$0.36 during trading on Friday, reaching C$65.37. The company had a trading volume of 652,143 shares, compared to its average volume of 814,998. The company has a market capitalization of C$10.14 billion, a PE ratio of 20.95, a PEG ratio of 0.91 and a beta of 0.47. 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's 50 day simple moving average is C$59.56 and its two-hundred day simple moving average is C$54.55. Capital Power has a one year low of C$41.87 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.