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

Capital Power (TSE:CPX) had its price objective boosted by research analysts at CIBC from C$54.00 to C$68.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 5.84% from the company’s previous close.

CPX has been the subject of several other reports. Royal Bank of Canada cut their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Atb Cap Markets cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Scotiabank raised their target price on 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. TD Securities lifted their price target on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, 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 research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$62.78.

Capital Power Stock Up 0.4 %

Shares of CPX stock opened at C$64.25 on Monday. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73. The stock has a market cap of C$8.35 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.91 and a beta of 0.64. The stock has a 50 day moving average of C$59.13 and a 200 day moving average of C$49.09. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Corporate insiders own 0.17% of the company’s stock.

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.