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Capital Power (TSE:CPX) Sets New 1-Year High - What's Next?

Capital Power logo with Utilities background

Key Points

  • Capital Power's stock reached a new 52-week high of C$72.94 during trading, closing at C$72.83, representing a significant increase from the previous close of C$70.64.
  • Recent analyst ratings show a consensus of Moderate Buy, with a consensus price target of C$68.78 as multiple firms adjusted their target prices upward.
  • The company operates a diverse portfolio of energy generating facilities across North America, including natural gas, coal, wind, solar, and solid fuel sources.
  • MarketBeat previews the top five stocks to own by November 1st.

Capital Power Co. (TSE:CPX - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$72.94 and last traded at C$72.83, with a volume of 1199591 shares traded. The stock had previously closed at C$70.64.

Analyst Ratings Changes

CPX has been the topic of several recent research reports. CIBC raised their target price on shares of Capital Power from C$66.00 to C$72.00 in a research note on Thursday, July 10th. Jefferies Financial Group lowered shares of Capital Power from a "buy" rating to a "hold" rating and raised their target price for the company from C$59.00 to C$60.00 in a research note on Thursday, June 12th. Scotiabank raised 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. TD Securities increased their price target 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, September 19th. Finally, ATB Capital lifted their price objective on shares of Capital Power from C$60.00 to C$68.00 and gave the stock a "sector perform" rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$68.78.

Read Our Latest Research Report on CPX

Capital Power Stock Up 3.1%

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 company has a market capitalization of C$11.30 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 0.91 and a beta of 0.49. The stock's fifty day moving average price is C$61.16 and its 200-day moving average price is C$56.10.

About Capital Power

(Get Free Report)

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.

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