Capital Power (TSE:CPX) Price Target Raised to C$65.00 at National Bankshares

Capital Power (TSE:CPX) had its price objective hoisted by National Bankshares from C$56.00 to C$65.00 in a report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also commented on CPX. CIBC boosted their price target on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. 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 on the stock in a research note on Thursday, October 31st. TD Securities lifted their price objective on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, ATB Capital raised their target price on shares of Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$61.22.

Capital Power Stock Down 0.9 %

CPX opened at C$62.76 on Wednesday. The company has a 50 day moving average of C$57.04 and a 200 day moving average of C$47.68. The company has a current ratio of 0.88, a quick ratio of 0.55 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 company has a market cap of C$8.16 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s dividend payout ratio is currently 51.68%.

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. 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.