BMO Capital Markets Lowers Capital Power (TSE:CPX) Price Target to C$64.00

Capital Power (TSE:CPX) had its price target dropped by research analysts at BMO Capital Markets from C$68.00 to C$64.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 26.13% from the company’s current price.

CPX has been the topic of several other reports. CIBC raised Capital Power from a “neutral” rating to an “outperform” rating and cut their price target for the stock from C$68.00 to C$64.00 in a research report on Tuesday, February 18th. Cibc World Mkts raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Desjardins lifted their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Scotiabank lifted their price objective on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Finally, National Bankshares lifted their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Capital Power presently has an average rating of “Moderate Buy” and a consensus price target of C$62.33.

Capital Power Price Performance

TSE CPX opened at C$50.74 on Thursday. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The stock’s fifty day moving average price is C$57.60 and its 200 day moving average price is C$54.09. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The company has a market cap of C$7.17 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.91 and a beta of 0.64.

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.