Capital Power (TSE:CPX) Price Target Raised to C$70.00

Key Points

• Scotiabank has raised the price target for Capital Power (TSE:CPX) from C$67.00 to C$70.00, indicating a potential upside of 8.19% from its current price.
• Several other brokerage firms have also increased their price targets, with CIBC raising it to C$72.00 and TD Securities to C$69.00.
• Currently, Capital Power maintains a "Moderate Buy" rating among analysts, with an average price target of C$68.78.

Capital Power (TSE:CPX - Free Report) had its target price hoisted by Scotiabank from C$67.00 to C$70.00 in a report issued on Friday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada raised shares of Capital Power from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$65.00 to C$67.00 in a research report on Thursday, July 31st. Desjardins raised their price objective on shares of Capital Power from C$75.00 to C$80.00 and gave the stock a "buy" rating in a report on Friday. National Bankshares increased their price target on shares of Capital Power from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Jefferies Financial Group downgraded Capital Power from a "buy" rating to a "hold" rating and lifted their price target for the stock from C$59.00 to C$60.00 in a research note on Thursday, June 12th. Finally, TD Securities upped their price objective on Capital Power from C$66.00 to C$69.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$68.78.

Capital Power Stock Up 0.6%

Shares of CPX traded up C$0.36 during mid-day trading on Friday, reaching C$65.37. 652,143 shares of the stock traded hands, compared to its average volume of 814,998. The firm has a market cap of C$10.14 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 0.91 and a beta of 0.47. The stock has a fifty day simple moving average of C$59.56 and a 200 day simple moving average of C$54.55. Capital Power has a 12-month low of C$41.87 and a 12-month high of C$68.73. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03.

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.