Capital Power (TSE:CPX) had its target price raised by analysts at BMO Capital Markets from C$28.00 to C$29.00 in a research note issued to investors on Friday. BMO Capital Markets’ price target indicates a potential upside of 3.17% from the stock’s current price.

A number of other brokerages also recently weighed in on CPX. Raymond James increased their price objective on shares of Capital Power from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday. National Bank Financial increased their price objective on shares of Capital Power from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Friday. CSFB increased their price objective on shares of Capital Power from C$26.00 to C$28.00 and gave the company a “neutral” rating in a research report on Friday. TD Securities increased their price target on shares of Capital Power from C$29.00 to C$31.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Industrial Alliance Securities increased their price target on shares of Capital Power from C$30.00 to C$31.00 in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$29.78.

Capital Power stock traded up C$0.26 during midday trading on Friday, reaching C$28.11. 177,842 shares of the company traded hands, compared to its average volume of 194,076. Capital Power has a 12 month low of C$22.15 and a 12 month high of C$28.38.

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 4,500 megawatts of power generation capacity.

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Analyst Recommendations for Capital Power (TSE:CPX)

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