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

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

Several other brokerages have also issued reports on CPX. TD Securities reduced their price target on Capital Power from C$70.00 to C$66.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Desjardins increased their price objective 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. CIBC raised their price objective on Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. Jefferies Financial Group lowered Capital Power from a "buy" rating to a "hold" rating and raised their price objective for the stock from C$59.00 to C$60.00 in a research note on Thursday, June 12th. Finally, National Bankshares cut 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. Four equities research 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, the company currently has an average rating of "Moderate Buy" and an average target price of C$63.78.

Capital Power Stock Down 0.3%

Capital Power stock traded down C$0.20 during trading on Friday, reaching C$60.05. The stock had a trading volume of 514,047 shares, compared to its average volume of 846,978. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03. The business has a 50 day moving average price of C$55.77 and a 200 day moving average price of C$53.11. The stock has a market cap of C$8.48 billion, a PE ratio of 14.27, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 52-week low of C$40.63 and a 52-week high of C$68.73.

Insider Transactions at Capital Power

In other Capital Power 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 shares were sold at an average price of C$52.95, for a total value of C$105,900.00. Also, Senior Officer Sandra Anne Haskins sold 5,710 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$53.00, for a total transaction of C$302,631.14. Insiders sold 8,672 shares of company stock worth $460,121 in the last 90 days. 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.