CIBC Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX - Get Free Report) had its target price raised by investment analysts at CIBC from C$66.00 to C$72.00 in a report issued on Thursday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 24.85% from the company's previous close.

A number of other research firms have also recently weighed in on CPX. National Bankshares lowered their price objective on Capital Power from C$65.00 to C$62.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Jefferies Financial Group cut 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 research report on Thursday, June 12th. BMO Capital Markets raised Capital Power from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Desjardins boosted their price target on Capital Power from C$67.00 to C$68.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, TD Securities lowered their price target on 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. Four research 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 stock. According to 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$1.24 during trading hours on Thursday, reaching C$57.67. 180,713 shares of the company traded hands, compared to its average volume of 850,224. Capital Power has a 12-month low of C$39.95 and a 12-month high of C$68.73. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The company has a market cap of C$8.15 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.91 and a beta of 0.64. The firm has a 50-day moving average price of C$54.99 and a 200 day moving average price of C$53.47.

Insider Transactions at Capital Power

In other news, Senior Officer Sandra Anne Haskins sold 5,710 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of C$53.00, for a total transaction of C$302,631.14. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the company'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. Insiders have sold 8,672 shares of company stock valued at $460,121 in the last ninety days. Corporate 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.