Capital Power (TSE:CPX) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

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.

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.

Analysts Set New Price Targets

A number of research firms recently commented on CPX. TD Securities lifted 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. Royal Bank Of Canada raised Capital Power from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$65.00 to C$67.00 in a report on Thursday, July 31st. Jefferies Financial Group downgraded Capital Power from a "buy" rating to a "hold" rating and raised their price objective for the stock from C$59.00 to C$60.00 in a research report on Thursday, June 12th. National Bankshares lifted their price objective on Capital Power from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, CIBC lifted their price objective on Capital Power from C$66.00 to C$72.00 in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Capital Power currently has an average rating of "Moderate Buy" and an average price target of C$65.78.

Capital Power Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. The stock has a market cap of C$9.49 billion, a PE ratio of 19.61, a P/E/G ratio of 0.91 and a beta of 0.47. The business has a fifty day simple moving average of C$58.97 and a two-hundred day simple moving average of C$54.07.

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.