Analysts Set Capital Power Co. (TSE:CPX) Target Price at C$62.33

Shares of Capital Power Co. (TSE:CPX) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$62.33.

CPX has been the topic of several research reports. Cibc World Mkts upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. BMO Capital Markets cut their price target on Capital Power from C$68.00 to C$64.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. Desjardins boosted their price objective on 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. ATB Capital cut their target price on Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Finally, CIBC upgraded shares of Capital Power from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from C$68.00 to C$64.00 in a research note on Tuesday, February 18th.

Capital Power Trading Down 5.2 %

Shares of Capital Power stock opened at C$46.89 on Friday. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The company’s fifty day simple moving average is C$50.61 and its 200-day simple moving average is C$54.83. The company has a market cap of C$6.62 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 0.91 and a beta of 0.64. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

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.