TD Securities Raises Capital Power (TSE:CPX) Price Target to C$69.00

Key Points

• TD Securities has raised the price target for Capital Power (TSE:CPX) from C$66.00 to C$69.00, indicating a potential upside of 10.28% from the current price.
• The stock has received multiple upgrades from various analysts, with a current consensus rating of "Moderate Buy" and an average price target of C$64.11.
• Capital Power's stock price increased by 1.4% recently, reaching C$62.57, with a robust market capitalization of C$8.84 billion.

Capital Power (TSE:CPX - Free Report) had its target price hoisted by TD Securities from C$66.00 to C$69.00 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on CPX. BMO Capital Markets raised Capital Power from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. CIBC upped their target price on Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. Desjardins upped their target price on Capital Power from C$67.00 to C$68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Jefferies Financial Group lowered Capital Power from a "buy" rating to a "hold" rating and upped their target price for the stock from C$59.00 to C$60.00 in a research report on Thursday, June 12th. Finally, National Bankshares lowered their price target on Capital Power from C$65.00 to C$62.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$65.78.

Capital Power Stock Down 2.7%

Shares of TSE:CPX traded down C$1.57 during trading on Tuesday, reaching C$56.51. 767,201 shares of the stock were exchanged, compared to its average volume of 858,978. 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 1-year low of C$41.87 and a 1-year high of C$68.73. The stock has a fifty day moving average of C$57.05 and a two-hundred day moving average of C$53.17. The firm has a market cap of C$7.98 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Insider Activity

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the firm's stock in a transaction on 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 Sandra Anne Haskins sold 5,710 shares of the firm's stock in a transaction on Friday, May 9th. The shares were 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 ninety days. 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.