Capital Power (TSE:CPX) Price Target Raised to C$64.00 at Desjardins

Capital Power (TSE:CPX) had its target price increased by Desjardins from C$60.00 to C$64.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on the company. ATB Capital raised their price target on Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a report on Wednesday. Royal Bank of Canada lowered their target price on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. Scotiabank upped their price target on Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday. CIBC lifted their price objective on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, TD Securities upped their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$61.22.

Capital Power Trading Up 0.9 %

TSE CPX opened at C$63.15 on Wednesday. The firm’s fifty day moving average is C$57.79 and its two-hundred day moving average is C$48.21. Capital Power has a one year low of C$33.90 and a one year high of C$68.73. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The firm has a market cap of C$8.21 billion, a PE ratio of 12.50, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.652 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.13%. Capital Power’s dividend payout ratio is presently 51.68%.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Company 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.