Capital Power (TSE:CPX) Price Target Raised to C$56.00 at BMO Capital Markets

Capital Power (TSE:CPX) had its price target boosted by BMO Capital Markets from C$47.00 to C$56.00 in a report published on Thursday, BayStreet.CA reports. They currently have a market perform rating on the stock.

A number of other analysts also recently commented on CPX. Atb Cap Markets raised Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th. Desjardins boosted their price target on shares of Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research report on Thursday. National Bankshares raised their price objective on shares of Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. TD Securities boosted their target price on shares of Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, ATB Capital raised their target price on shares of Capital Power from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$55.11.

Capital Power Price Performance

TSE CPX opened at C$55.30 on Thursday. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$56.82. The firm has a market capitalization of C$7.19 billion, a PE ratio of 10.95, a P/E/G ratio of 0.91 and a beta of 0.64. The company’s 50 day simple moving average is C$48.54 and its 200 day simple moving average is C$42.53. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55.

Capital Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a $0.652 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.72%. Capital Power’s dividend payout ratio (DPR) is presently 51.68%.

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. In the last three months, insiders have sold 6,400 shares of company stock worth $322,274. Corporate insiders own 0.17% of the company’s stock.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.