Shares of Capital Power Corp (TSE:CPX) reached a new 52-week high on Thursday . The stock traded as high as C$32.50 and last traded at C$32.46, with a volume of 155933 shares trading hands. The stock had previously closed at C$32.06.

Several analysts recently weighed in on CPX shares. Raymond James restated an “outperform” rating and issued a C$36.00 price objective on shares of Capital Power in a report on Tuesday, October 29th. BMO Capital Markets reduced their target price on shares of Capital Power from C$31.00 to C$29.00 in a report on Monday, September 9th. Royal Bank of Canada boosted their target price on shares of Capital Power from C$30.00 to C$31.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 29th. Finally, CIBC reduced their target price on shares of Capital Power from C$33.00 to C$32.00 in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$33.14.

The firm has a market capitalization of $3.42 billion and a P/E ratio of 80.10. The company has a debt-to-equity ratio of 117.38, a current ratio of 0.71 and a quick ratio of 0.30. The stock’s fifty day simple moving average is C$31.00 and its 200 day simple moving average is C$30.57.

In other Capital Power news, Senior Officer Burness Kathryn Chisholm sold 12,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$30.92, for a total value of C$370,994.40. Following the completion of the transaction, the insider now directly owns 20,653 shares in the company, valued at C$638,512.28.

Capital Power Company Profile (TSE:CPX)

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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