Shares of Capital Power Co. (TSE:CPX - Get Free Report) passed 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 Ratings Changes
CPX has been the subject of several research analyst reports. BMO Capital Markets raised shares of Capital Power from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Desjardins raised their price target on Capital Power from C$67.00 to C$68.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Jefferies Financial Group downgraded Capital Power from a "buy" rating to a "hold" rating and lifted their price objective for the company from C$59.00 to C$60.00 in a report on Thursday, June 12th. TD Securities lowered their target price on Capital Power from C$70.00 to C$66.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, National Bankshares cut 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 report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$63.11.
Check Out Our Latest Stock Analysis on CPX
Capital Power Stock Down 2.1%
The firm has a market cap of C$7.74 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.91 and a beta of 0.64. The business has a fifty day simple moving average of C$54.26 and a 200 day simple moving average of C$53.78. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55.
Insider Activity at Capital Power
In other news, Senior Officer Sandra Anne Haskins sold 5,710 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$53.00, for a total value of C$302,631.14. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of C$53.63, for a total value of C$51,590.14. In the last ninety days, insiders sold 8,672 shares of company stock valued at $460,121. 0.17% of the stock is owned by insiders.
About Capital Power
(
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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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