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

Capital Power (TSE:CPX) had its target price increased by stock analysts at Desjardins from C$60.00 to C$64.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 2.24% from the stock’s previous close.

CPX has been the topic of several other research reports. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Scotiabank upped their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research note on Wednesday. ATB Capital increased their price objective 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. Finally, TD Securities raised their price target on Capital Power from C$61.00 to C$70.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat, Capital Power presently has an average rating of “Hold” and an average target price of C$61.22.

Capital Power Trading Down 0.3 %

TSE:CPX opened at C$62.60 on Wednesday. The stock has a market cap of C$8.13 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week 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 stock’s 50-day moving average is C$57.29 and its two-hundred day moving average is C$47.86.

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’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. Company 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.