ATB Capital Raises Capital Power (TSE:CPX) Price Target to C$63.00

Capital Power (TSE:CPX) had its price objective lifted by investment analysts at ATB Capital from C$57.00 to C$63.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Capital’s price objective would indicate a potential upside of 0.64% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Desjardins lifted their price target on Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Scotiabank lifted 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. BMO Capital Markets increased their price target on Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a research report on Wednesday. CIBC lifted their target price on shares of Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, TD Securities upped their price objective 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. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Capital Power presently has a consensus rating of “Hold” and a consensus target price of C$61.22.

Capital Power Stock Down 0.3 %

Capital Power stock opened at C$62.60 on Wednesday. The firm has a market capitalization of C$8.13 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The firm’s fifty day moving average price is C$57.29 and its two-hundred day moving average price is C$47.86. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$68.73. 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 Activity

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s 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. 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.