Capital Power Co. (TSE:CPX) Receives C$63.50 Consensus Target Price from Brokerages

Shares of Capital Power Co. (TSE:CPX) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$63.50.

A number of equities research analysts have recently commented on CPX shares. ATB Capital reduced their target price on shares of Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Desjardins boosted their price target on Capital Power from C$67.00 to C$68.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. CIBC raised Capital Power from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from C$68.00 to C$64.00 in a research report on Tuesday, February 18th. BMO Capital Markets upgraded Capital Power from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Cibc World Mkts raised Capital Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were 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 company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$53.00, for a total transaction of C$302,631.14. In the last 90 days, insiders have sold 8,672 shares of company stock valued at $460,121. 0.17% of the stock is owned by corporate insiders.

Capital Power Stock Up 0.2%

CPX stock opened at C$54.58 on Monday. The company has a market cap of C$7.71 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a fifty day moving average price of C$49.41 and a 200 day moving average price of C$54.68. 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 12 month low of C$37.35 and a 12 month high of C$68.73.

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.