Capital Power (TSE:CPX) Price Target Raised to C$72.00

Key Points

• TD Securities has raised its price target for Capital Power from C$69.00 to C$72.00, maintaining a "buy" rating, suggesting an 11.28% upside potential.
• Other firms, including Royal Bank of Canada and Desjardins, have also increased their price targets for Capital Power, indicating a positive outlook among several analysts.
• The current consensus rating for Capital Power is a "Moderate Buy" with an average price target of C$68.78, despite the stock recently trading down 0.6% to C$64.70.

Capital Power (TSE:CPX - Free Report) had its target price hoisted by TD Securities from C$69.00 to C$72.00 in a report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

CPX has been the subject of a number of other research reports. National Bankshares increased their target price on shares of Capital Power from C$64.00 to C$66.00 and gave the company an "outperform" rating in a research report on Friday. Scotiabank raised their price objective on Capital Power from C$67.00 to C$70.00 and gave the stock an "outperform" rating in a research note on Friday. Royal Bank Of Canada raised Capital Power from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$65.00 to C$67.00 in a report on Thursday, July 31st. Desjardins lifted their target price on Capital Power from C$75.00 to C$80.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Jefferies Financial Group lowered 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 research note on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$68.78.

Capital Power Stock Performance

Shares of CPX stock traded up C$0.36 on Friday, hitting C$65.37. The company's stock had a trading volume of 652,143 shares, compared to its average volume of 814,998. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The stock's 50 day moving average is C$59.56 and its 200-day moving average is C$54.55. Capital Power has a fifty-two week low of C$41.87 and a fifty-two week high of C$68.73. The company has a market capitalization of C$10.14 billion, a PE ratio of 20.95, a PEG ratio of 0.91 and a beta of 0.47.

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.