Capital Power (TSE:CPX) Shares Cross Below 200 Day Moving Average – Should You Sell?

Capital Power Co. (TSE:CPX)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$53.47 and traded as low as C$50.95. Capital Power shares last traded at C$52.07, with a volume of 815,476 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on CPX shares. CIBC increased their price objective on shares of Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a research report on Monday, December 30th. National Bankshares increased 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 increased their target price 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. Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Desjardins increased their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Capital Power currently has an average rating of “Hold” and an average price target of C$63.33.

Capital Power Stock Performance

The stock has a market cap of C$7.35 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.91 and a beta of 0.64. The stock’s 50 day moving average is C$59.10 and its two-hundred day moving average is C$53.47. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

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.