Scotiabank Raises Capital Power (TSE:CPX) Price Target to C$80.00

Key Points

• Scotiabank has raised its price target for Capital Power (TSE:CPX) from C$75.00 to C$80.00, indicating a potential upside of 11.83% from the current stock price.
• In addition to Scotiabank, several other firms have also increased their price targets, with Desjardins setting a target of C$80.00 and National Bankshares increasing theirs to C$66.00.
• The stock currently holds an average rating of "Moderate Buy", with two analysts rating it as Strong Buy, and four issuing a Hold rating.

Capital Power (TSE:CPX - Get Free Report) had its price target boosted by equities research analysts at Scotiabank from C$75.00 to C$80.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's price objective indicates a potential upside of 11.83% from the company's current price.

CPX has been the subject of a number of other reports. Desjardins raised their target price on Capital Power from C$75.00 to C$80.00 and gave the company a "buy" rating in a report on Friday, September 19th. National Bankshares increased their price target on Capital Power from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research report on Friday, September 19th. CIBC raised their price objective on shares of Capital Power from C$66.00 to C$72.00 in a report on Thursday, July 10th. Evercore ISI upgraded shares of Capital Power to a "strong-buy" rating in a research report on Monday, October 6th. Finally, TD Securities increased their target price on shares of Capital Power from C$69.00 to C$72.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$71.33.

Capital Power Trading Up 0.5%

Shares of TSE CPX traded up C$0.33 during mid-day trading on Monday, reaching C$71.54. 270,760 shares of the company's stock were exchanged, compared to its average volume of 803,885. The firm has a market capitalization of C$11.10 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 0.91 and a beta of 0.49. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. Capital Power has a 52-week low of C$41.87 and a 52-week high of C$73.51. The company's 50-day moving average is C$63.11 and its 200-day moving average is C$57.34.

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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