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

Capital Power (TSE:CPX) had its price objective hoisted by CIBC from C$54.00 to C$68.00 in a research note published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages have also recently issued reports on CPX. Atb Cap Markets cut Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. BMO Capital Markets upped their price objective 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. TD Securities lifted their target price on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada decreased 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 research note on Thursday, October 31st. Finally, National Bankshares raised their price target 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. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$62.78.

Capital Power Trading Up 0.8 %

TSE CPX opened at C$64.02 on Tuesday. Capital Power has a 1 year low of C$33.90 and a 1 year 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 company has a market capitalization of C$8.32 billion, a PE ratio of 12.68, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a fifty day moving average of C$58.04 and a 200 day moving average of C$48.38.

Capital Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s dividend payout ratio is presently 51.68%.

Insider Buying and Selling

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

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.