Capital Power (TSE:CPX) Shares Cross Below 200 Day Moving Average - What's Next?

Shares of Capital Power Co. (TSE:CPX - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$54.63 and traded as low as C$54.42. Capital Power shares last traded at C$55.50, with a volume of 281,882 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. ATB Capital dropped their price objective on shares of Capital Power from C$63.00 to C$62.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. CIBC raised shares of Capital Power from a "neutral" rating to an "outperform" rating and decreased their price target for the stock from C$68.00 to C$64.00 in a research note on Tuesday, February 18th. Cibc World Mkts upgraded shares of Capital Power from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. National Bankshares lowered their price target on shares of Capital Power from C$65.00 to C$62.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Desjardins increased their price objective on shares of Capital Power from C$67.00 to C$68.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Capital Power presently has an average rating of "Moderate Buy" and an average price target of C$63.50.

Capital Power Stock Down 0.4%

The firm has a market cap of C$7.75 billion, a P/E ratio of 13.04, a P/E/G ratio of 0.91 and a beta of 0.64. The firm's fifty day moving average is C$50.22 and its 200 day moving average is C$54.61. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05.

Insider Transactions at Capital Power

In related news, Senior Officer Sandra Anne Haskins sold 5,710 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$53.00, for a total transaction of C$302,631.14. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$53.63, for a total transaction of C$51,590.14. Insiders sold a total of 8,672 shares of company stock worth $460,121 over the last quarter. Company insiders own 0.17% of the company's stock.

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.