CIBC Forecasts Strong Price Appreciation for Capital Power (TSE:CPX) Stock

Capital Power (TSE:CPX) had its target price raised by stock analysts at CIBC from C$54.00 to C$68.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective would indicate a potential upside of 6.22% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Atb Cap Markets cut Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reduced their price objective on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. ATB Capital increased their target price on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 18th. TD Securities lifted their price target 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. Finally, Desjardins boosted their price objective on shares of Capital Power from C$60.00 to C$64.00 and gave the company a “buy” 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. Based on data from MarketBeat, Capital Power currently has an average rating of “Hold” and a consensus target price of C$62.78.

Capital Power Trading Up 0.8 %

Shares of CPX stock traded up C$0.51 during mid-day trading on Tuesday, reaching C$64.02. The company’s stock had a trading volume of 194,598 shares, compared to its average volume of 497,462. The company’s 50 day simple moving average is C$58.04 and its 200-day simple moving average is C$48.38. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$68.73. The firm has a market capitalization of C$8.32 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Company 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.