Capital Power (TSE:CPX) Given New C$63.00 Price Target at National Bankshares

Key Points

• National Bankshares has increased its price target for Capital Power (TSE:CPX) from C$62.00 to C$63.00, indicating a potential upside of 9.15% from the previous close and maintaining an "outperform" rating.
• Other analysts have also raised their price targets for Capital Power, with Desjardins setting it at C$68.00 and CIBC increasing it to C$72.00, while the average rating for the stock is classified as "Moderate Buy" with a price target of C$65.78.
• Despite positive reviews from analysts, Capital Power shares recently traded down 0.5% to C$57.72, with trading volume lower than its average.

Capital Power (TSE:CPX - Get Free Report) had its price objective hoisted by investment analysts at National Bankshares from C$62.00 to C$63.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price target would suggest a potential upside of 11.48% from the stock's current price.

Several other equities research analysts have also commented on the stock. Scotiabank boosted their price objective on shares of Capital Power from C$64.00 to C$67.00 in a research report on Friday, July 18th. TD Securities boosted their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. CIBC boosted their price objective on shares of Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. Desjardins boosted their price objective on shares of Capital Power from C$67.00 to C$68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group lowered shares of Capital Power from a "buy" rating to a "hold" rating and boosted their price objective for the stock from C$59.00 to C$60.00 in a research report on Thursday, June 12th. Three 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, Capital Power has a consensus rating of "Moderate Buy" and a consensus price target of C$65.78.

Capital Power Price Performance

Shares of TSE:CPX traded down C$1.57 on Thursday, reaching C$56.51. 767,201 shares of the company were exchanged, compared to its average volume of 858,978. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03. Capital Power has a 1-year low of C$41.87 and a 1-year high of C$68.73. The firm has a market cap of C$7.98 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a 50-day moving average of C$57.05 and a 200-day moving average of C$53.08.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of C$53.63, for a total value of C$51,590.14. Also, Senior Officer Jason Daniel Comandante sold 2,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of C$52.95, for a total transaction of C$105,900.00. In the last ninety days, insiders have sold 8,672 shares of company stock worth $460,121. 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.