Capital Power (TSE:CPX) Reaches New 1-Year High - Here's What Happened

Key Points

• Capital Power's shares reached a new 52-week high of C$71.72 during trading, closing at C$70.14 with significant volume of 602,636 shares.
• Multiple analysts have raised their target prices for Capital Power, with Desjardins setting the highest at C$80.00 and most analysts giving the stock a "buy" or "outperform" rating.
• The company has a market capitalization of C$10.67 billion and operates a diverse portfolio of power generating facilities across North America.

Shares of Capital Power Co. (TSE:CPX - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$71.72 and last traded at C$70.14, with a volume of 602636 shares changing hands. The stock had previously closed at C$67.17.

Analyst Ratings Changes

Several research analysts recently commented on CPX shares. Desjardins lifted their target price on shares of Capital Power from C$75.00 to C$80.00 and gave the stock a "buy" rating in a report on Friday, September 19th. TD Securities upped their target price on shares of Capital Power from C$69.00 to C$72.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Scotiabank upped their target price on shares of Capital Power from C$67.00 to C$70.00 and gave the company an "outperform" rating in a research note on Friday, September 19th. CIBC boosted their price target on shares of Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. Finally, National Bankshares upped their target price on shares of Capital Power from C$64.00 to C$66.00 and gave the stock an "outperform" rating in a research report on Friday, September 19th. One equities research 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$68.78.

Capital Power Trading Up 2.4%

The firm's fifty day simple moving average is C$60.54 and its 200 day simple moving average is C$55.63. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The stock has a market capitalization of C$10.67 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 0.91 and a beta of 0.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.