Capital Power (TSE:CPX) Given New C$68.00 Price Target at CIBC

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

Other equities analysts have also recently issued reports about the stock. National Bankshares boosted their target price on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Scotiabank boosted their price objective 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. Desjardins raised their target price on Capital Power from C$60.00 to C$64.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Atb Cap Markets cut Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, TD Securities upped their price objective on 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 given a buy rating to the company. According to data from MarketBeat, Capital Power currently has an average rating of “Hold” and an average target price of C$62.78.

Capital Power Stock Performance

CPX opened at C$64.30 on Monday. The firm has a market cap of C$8.36 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The business’s fifty day moving average is C$59.38 and its 200-day moving average is C$49.27. Capital Power has a 52-week low of C$33.90 and a 52-week 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.

Capital Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.652 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.06%. Capital Power’s dividend payout ratio is presently 51.68%.

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction on 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.

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.