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

Capital Power (TSE:CPX - Get Free Report) had its price objective increased by CIBC from C$66.00 to C$72.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC's price target points to a potential upside of 27.95% from the stock's current price.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group cut Capital Power from a "buy" rating to a "hold" rating and raised their price target for the company from C$59.00 to C$60.00 in a report on Thursday, June 12th. BMO Capital Markets raised Capital Power from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. National Bankshares decreased their price objective on 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. Desjardins raised their price objective on Capital Power from C$67.00 to C$68.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, TD Securities decreased their price objective 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 analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$64.00.

Capital Power Price Performance

Shares of TSE:CPX traded up C$1.05 on Thursday, hitting C$56.27. The company's stock had a trading volume of 437,107 shares, compared to its average volume of 849,456. The company has a 50-day simple moving average of C$54.92 and a 200 day simple moving average of C$53.52. Capital Power has a 1 year low of C$39.95 and a 1 year high of C$68.73. The company has a market capitalization of C$7.95 billion, a PE ratio of 13.37, 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 Buying and Selling

In related news, Senior Officer Jason Daniel Comandante sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of C$52.95, for a total transaction of C$105,900.00. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of Capital Power 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 a total of 8,672 shares of company stock worth $460,121 in the last ninety days. 0.17% of the stock is 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.

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