National Bankshares Raises Capital Power (TSE:CPX) Price Target to C$65.00

Capital Power (TSE:CPX) had its price target hoisted by equities researchers at National Bankshares from C$56.00 to C$65.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 3.83% from the stock’s current price.

CPX has been the topic of a number of other research reports. Royal Bank of Canada cut their price objective on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. CIBC lifted their price target on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Desjardins increased their price objective on shares of Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. ATB Capital lifted their target price on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, 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. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$61.22.

Capital Power Stock Down 0.3 %

Shares of Capital Power stock opened at C$62.60 on Wednesday. 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. The business’s 50 day simple moving average is C$57.29 and its 200 day simple moving average is C$47.86. The firm has a market cap of C$8.13 billion, a PE ratio of 12.40, a P/E/G ratio of 0.91 and a beta of 0.64.

Insider Buying and Selling at Capital Power

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

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.