Capital Power (TSE:CPX) was upgraded by research analysts at Atb Cap Markets from a "sector perform" rating to an "outperform" rating in a research note issued on Sunday, Zacks.com reports.
Other research analysts have also recently issued research reports about the stock. National Bank Financial raised their target price on shares of Capital Power from C$38.00 to C$39.00 and gave the stock an "outperform" rating in a report on Thursday, December 10th. TD Securities upped their target price on Capital Power from C$39.00 to C$41.00 and gave the stock a "buy" rating in a research note on Monday. BMO Capital Markets lifted their price target on Capital Power from C$33.00 to C$38.00 in a research report on Friday, January 15th. Royal Bank of Canada raised their price objective on shares of Capital Power from C$35.00 to C$38.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, CIBC downgraded shares of Capital Power from an "outperform" rating to a "neutral" rating and increased their price target for the stock from C$37.00 to C$38.00 in a report on Wednesday, January 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of "Buy" and an average target price of C$39.56.
Capital Power stock opened at C$35.25 on Friday. Capital Power has a 52 week low of C$20.23 and a 52 week high of C$38.58. The stock has a 50-day moving average price of C$36.77 and a 200 day moving average price of C$32.56. The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 121.34. The company has a market capitalization of C$3.72 billion and a price-to-earnings ratio of 14.35.
In related news, Senior Officer Burness Kathryn Chisholm sold 36,966 shares of the stock in a transaction that occurred on Monday, December 7th. The stock was sold at an average price of C$35.27, for a total value of C$1,303,790.82. Following the completion of the sale, the insider now owns 19,581 shares of the company's stock, valued at C$690,621.87. Also, Director Brian Tellef Vaasjo sold 60,000 shares of Capital Power stock in a transaction that occurred on Tuesday, December 8th. The stock was sold at an average price of C$34.04, for a total value of C$2,042,400.00. Following the transaction, the director now owns 128,192 shares in the company, valued at approximately C$4,363,655.68. Over the last quarter, insiders sold 204,111 shares of company stock worth $7,138,609.
About Capital Power
Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns an approximately 6,500 megawatts of power generation capacity at 28 facilities.
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7 Lithium Stocks That Will Power the Electric Vehicle Boom
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