National Bankshares Increases Capital Power (TSE:CPX) Price Target to C$63.00

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 target boosted by investment analysts at National Bankshares from C$62.00 to C$63.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 11.48% from the stock's current price.

CPX has been the subject of a number of other reports. Desjardins upped 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. BMO Capital Markets raised Capital Power from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group cut Capital Power from a "buy" rating to a "hold" rating and upped their price target for the company from C$59.00 to C$60.00 in a research note on Thursday, June 12th. CIBC boosted their price objective on Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. Finally, Scotiabank boosted their price objective on Capital Power from C$64.00 to C$67.00 in a research report on Friday, July 18th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$65.78.

Capital Power Trading Down 2.7%

Shares of CPX stock traded down C$1.57 on Thursday, reaching C$56.51. The company had a trading volume of 767,201 shares, 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. The stock has a market cap of C$7.98 billion, a PE ratio of 13.43, a PEG 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$53.17. Capital Power has a 12 month low of C$41.87 and a 12 month high of C$68.73.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Jason Daniel Comandante sold 2,000 shares of the company'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 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 value of C$302,631.14. Insiders sold a total of 8,672 shares of company stock valued at $460,121 in the last quarter. 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.