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

Capital Power Co. (TSE:CPX - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$54.41 and traded as high as C$57.33. Capital Power shares last traded at C$55.59, with a volume of 708,548 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CPX shares. National Bankshares cut their price target on Capital Power from C$65.00 to C$62.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. ATB Capital dropped their price target on shares of Capital Power from C$63.00 to C$62.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Cibc World Mkts upgraded Capital Power from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group cut Capital Power from a "buy" rating to a "hold" rating and raised their target price for the stock from C$59.00 to C$60.00 in a research report on Thursday. Finally, Desjardins boosted their price target on shares of Capital Power from C$67.00 to C$68.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$63.11.

Capital Power Trading Up 1.0%

The company's 50 day moving average is C$51.58 and its 200 day moving average is C$54.41. The stock has a market capitalization of C$7.93 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.91 and a beta of 0.64. 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 Activity

In other news, Senior Officer Jason Daniel Comandante sold 2,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$52.95, for a total value of C$105,900.00. Also, Senior Officer Sandra Anne Haskins sold 5,710 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of C$53.00, for a total transaction of C$302,631.14. Over the last ninety days, insiders have sold 8,672 shares of company stock worth $460,121. 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.