Scotiabank Raises Capital Power (TSE:CPX) Price Target to C$67.00

Capital Power (TSE:CPX - Free Report) had its price target increased by Scotiabank from C$64.00 to C$67.00 in a research report report published on Friday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group downgraded shares of 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 report on Thursday, June 12th. TD Securities reduced their target price on shares of Capital Power from C$70.00 to C$66.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. CIBC upped their price objective on shares of Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. BMO Capital Markets raised shares of Capital Power from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, Desjardins raised their price objective on shares of Capital Power from C$67.00 to C$68.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$63.78.

Capital Power Trading Up 2.3%

Shares of TSE CPX traded up C$1.37 during mid-day trading on Friday, hitting C$60.50. The company's stock had a trading volume of 687,689 shares, compared to its average volume of 851,058. The stock has a market cap of C$8.54 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth 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. Capital Power has a one year low of C$39.95 and a one year high of C$68.73. The company's fifty day simple moving average is C$55.77 and its 200-day simple moving average is C$53.11.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of Capital Power stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of C$53.63, for a total transaction of C$51,590.14. Also, Senior Officer Jason Daniel Comandante sold 2,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$52.95, for a total value of C$105,900.00. In the last three months, insiders have sold 8,672 shares of company stock worth $460,121. Corporate insiders own 0.17% of the company's stock.

About Capital Power

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.