Capital Power Co. (TSE:CPX) Receives Average Rating of “Hold” from Brokerages

Capital Power Co. (TSE:CPX) has earned a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$63.33.

CPX has been the subject of a number of analyst reports. Desjardins lifted their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Scotiabank boosted their price objective on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. CIBC lifted their target price on Capital Power from C$54.00 to C$68.00 and gave the stock a “neutral” rating in a report on Monday, December 30th. ATB Capital increased their price target on 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. Finally, Royal Bank of Canada dropped 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 report on Thursday, October 31st.

Capital Power Stock Performance

TSE:CPX opened at C$52.81 on Friday. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$68.73. The company has a 50 day simple moving average of C$59.94 and a two-hundred day simple moving average of C$53.23. The company has a market capitalization of C$6.86 billion, a PE ratio of 10.46, a P/E/G ratio of 0.91 and a beta of 0.64.

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.