Capital Power (TSE:CPX) Price Target Raised to C$68.00 at CIBC

Capital Power (TSE:CPX) had its target price raised by CIBC from C$54.00 to C$68.00 in a research note published on Tuesday,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also weighed in on the company. Royal Bank of Canada lowered their price objective on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. BMO Capital Markets increased their price target on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a report on Wednesday, December 18th. ATB Capital boosted their price objective on shares of Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a report on Wednesday, December 18th. Scotiabank upped their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Finally, TD Securities lifted their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$62.78.

Capital Power Price Performance

Shares of CPX stock opened at C$64.02 on Tuesday. The firm’s 50-day moving average is C$58.04 and its two-hundred day moving average is C$48.38. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$68.73. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The company has a market capitalization of C$8.32 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio (DPR) is currently 51.68%.

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. 0.17% of the stock is owned by company insiders.

Capital Power Company Profile

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.