Capital Power (TSE:CPX) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Capital Power Co. (TSE:CPX - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$54.26 and traded as high as C$55.41. Capital Power shares last traded at C$54.80, with a volume of 472,449 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPX. National Bankshares lowered their price target on Capital Power from C$65.00 to C$62.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. TD Securities cut their target price on shares of Capital Power from C$70.00 to C$66.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Desjardins raised their price objective on 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. Jefferies Financial Group lowered 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 report on Thursday, June 12th. Finally, BMO Capital Markets upgraded Capital Power from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Capital Power has an average rating of "Moderate Buy" and a consensus target price of C$63.11.

Capital Power Trading Down 0.3%

The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. The company has a market capitalization of C$7.69 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The business has a fifty day moving average price of C$54.69 and a 200 day moving average price of C$53.68.

Insiders Place Their Bets

In related news, Senior Officer Sandra Anne Haskins sold 5,710 shares of the stock in a transaction on 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 Jason Daniel Comandante sold 2,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of C$52.95, for a total transaction of C$105,900.00. Insiders sold a total of 8,672 shares of company stock valued at $460,121 in the last quarter. 0.17% of the stock is currently owned by insiders.

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.