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

Key Points

• Capital Power's stock price crossed above its 200-day moving average, currently trading at C$56.97 after reaching a high of C$57.29.
• Recent analyst ratings show a mix of upgrades and downgrades, with target prices ranging from C$60.00 to C$72.00, resulting in an average rating of Moderate Buy.
• The company has a current market cap of C$8.84 billion and a debt-to-equity ratio of 136.03, indicating a high level of debt relative to equity.

Capital Power Co. (TSE:CPX - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$53.69 and traded as high as C$57.29. Capital Power shares last traded at C$56.97, with a volume of 347,003 shares.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CPX shares. Jefferies Financial Group downgraded shares of Capital Power from a "buy" rating to a "hold" rating and lifted their target price for the stock from C$59.00 to C$60.00 in a research note on Thursday, June 12th. Scotiabank upped their target price on shares of Capital Power from C$64.00 to C$67.00 in a research report on Friday, July 18th. National Bankshares increased their price objective on shares of 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. Royal Bank Of Canada upgraded shares of Capital Power from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$65.00 to C$67.00 in a research note on Thursday, July 31st. Finally, CIBC upped their target price on shares of Capital Power from C$66.00 to C$72.00 in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$65.78.

Capital Power Stock Performance

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 firm has a market cap of C$8.84 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 0.91 and a beta of 0.48. The firm has a fifty day simple moving average of C$58.38 and a two-hundred day simple moving average of C$53.69.

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.

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