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

Key Points

• Capital Power's stock price has recently surpassed its 200-day moving average, closing at C$65.01 after reaching a high of C$66.00.
• Analysts have upgraded their target prices for Capital Power, with increases from firms like ATB Capital (C$60.00 to C$68.00) and TD Securities (C$69.00 to C$72.00), indicating a positive market outlook.
• The consensus rating for Capital Power is currently "Moderate Buy" based on assessments from analysts, with an average target price of C$68.78.

Capital Power Co. (TSE:CPX - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$54.33 and traded as high as C$66.00. Capital Power shares last traded at C$65.01, with a volume of 2,461,554 shares traded.

Wall Street Analyst Weigh In

CPX has been the topic of a number of research analyst reports. CIBC increased their price target on Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. Jefferies Financial Group downgraded Capital Power from a "buy" rating to a "hold" rating and upped their price objective for the stock from C$59.00 to C$60.00 in a report on Thursday, June 12th. Scotiabank upped their price objective on Capital Power from C$67.00 to C$70.00 and gave the stock an "outperform" rating in a report on Friday. TD Securities upped their price objective on Capital Power from C$69.00 to C$72.00 and gave the stock a "buy" rating in a report on Friday. Finally, Desjardins upped their price objective on Capital Power from C$75.00 to C$80.00 and gave the stock a "buy" rating in a report on Friday. One investment 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$68.78.

Capital Power Trading Down 0.1%

The company has a market capitalization of C$10.08 billion, a P/E ratio of 20.84, 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 business's 50-day moving average price is C$59.42 and its two-hundred day moving average price is C$54.37.

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.