Capital Power (TSE:CPX) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Capital Power Co. (TSE:CPX)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$52.82 and traded as high as C$54.26. Capital Power shares last traded at C$53.94, with a volume of 775,977 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. CIBC upped their target price on Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a research note on Monday, December 30th. BMO Capital Markets increased their target price on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 18th. ATB Capital boosted their price target on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 18th. National Bankshares raised their price objective on Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Finally, 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. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$63.33.

Capital Power Price Performance

The company has a market cap of C$7.02 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The business’s 50 day moving average price is C$60.44 and its 200-day moving average price is C$52.99.

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.