Royal Bank of Canada Raises Capital Power (TSE:CPX) Price Target to C$33.00

Capital Power (TSE:CPX) had its price objective lifted by Royal Bank of Canada from C$31.00 to C$33.00 in a research note released on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other research analysts also recently issued reports about the company. Scotiabank boosted their target price on Capital Power from C$31.00 to C$34.00 in a research note on Friday. National Bank Financial upped their target price on Capital Power from C$39.00 to C$40.00 and gave the company an outperform rating in a research report on Friday. BMO Capital Markets decreased their price target on Capital Power from C$31.00 to C$29.00 in a research note on Monday, September 9th. CIBC lowered their price target on Capital Power from C$33.00 to C$32.00 in a report on Wednesday, October 23rd. Finally, Raymond James restated an outperform rating and set a C$36.00 price target on shares of Capital Power in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Capital Power currently has a consensus rating of Buy and an average target price of C$34.50.

Shares of CPX opened at C$34.25 on Friday. Capital Power has a 12 month low of C$25.33 and a 12 month high of C$34.25. The stock has a fifty day moving average price of C$32.18 and a 200-day moving average price of C$30.92. The company has a current ratio of 0.71, a quick ratio of 0.30 and a debt-to-equity ratio of 117.38. The firm has a market cap of $3.64 billion and a PE ratio of 84.36.

In other Capital Power news, Senior Officer Burness Kathryn Chisholm sold 18,697 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$32.10, for a total value of C$600,199.88. Following the completion of the transaction, the insider now owns 15,896 shares of the company’s stock, valued at C$510,283.85.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.

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Analyst Recommendations for Capital Power (TSE:CPX)

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