Capital Power (TSE:CPX) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Capital Power (TSE:CPX) has crossed above its 200-day moving average, signaling a potential upward trend, with shares currently trading at C$58.31.
• Analyst ratings are generally positive, with a consensus price target of C$65.78, including recent upgrades from National Bankshares and Royal Bank of Canada.
• The company's market capitalization stands at C$9.04 billion, with a P/E ratio of 18.69, indicating a solid market presence in the power production sector.

Shares of Capital Power Co. (TSE:CPX - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$53.87 and traded as high as C$58.78. Capital Power shares last traded at C$58.31, with a volume of 591,926 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have commented on CPX shares. CIBC increased their price target on Capital Power from C$66.00 to C$72.00 in a research note on Thursday, July 10th. Royal Bank Of Canada upgraded shares of 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 report on Thursday, July 31st. Scotiabank lifted their target price on shares of Capital Power from C$64.00 to C$67.00 in a research note on Friday, July 18th. Jefferies Financial Group downgraded shares of Capital Power from a "buy" rating to a "hold" rating and boosted their target price for the stock from C$59.00 to C$60.00 in a research report on Thursday, June 12th. Finally, 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. One equities 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$65.78.

Capital Power Price Performance

The firm has a market cap of C$9.34 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 0.91 and a beta of 0.47. The stock has a 50 day simple moving average of C$58.86 and a two-hundred day simple moving average of C$54.03. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05.

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.