Capital Power (TSE:CPX) Price Target Raised to C$72.00 at CIBC

Capital Power (TSE:CPX - Get Free Report) had its price objective boosted by stock analysts at CIBC from C$66.00 to C$72.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC's price target indicates a potential upside of 25.39% from the company's current price.

Several other research analysts also recently weighed in on CPX. BMO Capital Markets upgraded Capital Power from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group downgraded Capital Power from a "buy" rating to a "hold" rating and lifted their price target for the company from C$59.00 to C$60.00 in a research note on Thursday, June 12th. Desjardins lifted 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. TD Securities decreased their price target on Capital Power from C$70.00 to C$66.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, National Bankshares decreased their price target on Capital Power from C$65.00 to C$62.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Four investment 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$64.00.

Capital Power Stock Performance

Shares of CPX stock traded up C$0.99 during midday trading on Thursday, hitting C$57.42. The company had a trading volume of 957,691 shares, compared to its average volume of 856,454. The company's 50 day simple moving average is C$55.07 and its 200 day simple moving average is C$53.35. Capital Power has a 52-week low of C$39.95 and a 52-week high of C$68.73. The stock has a market cap of C$8.11 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.91 and a beta of 0.64. 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 Transactions at Capital Power

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the business's stock in a transaction 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. Also, Senior Officer Sandra Anne Haskins sold 5,710 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$53.00, for a total value of C$302,631.14. Insiders sold a total of 8,672 shares of company stock valued at $460,121 over the last three months. 0.17% of the stock is currently owned by insiders.

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.