Brokerages Set Capital Power Co. (TSE:CPX) Target Price at C$76.56

Shares of Capital Power Co. (TSE:CPX) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$76.56.

CPX has been the topic of several recent analyst reports. TD Securities boosted their target price on shares of Capital Power from C$72.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. ATB Cormark Capital Markets set a C$75.00 price target on Capital Power and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Canadian Imperial Bank of Commerce increased their price objective on Capital Power from C$81.00 to C$82.00 in a research note on Wednesday, January 21st. BMO Capital Markets decreased their price objective on Capital Power from C$79.00 to C$78.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Finally, Desjardins lifted their target price on Capital Power from C$80.00 to C$82.00 and gave the company a “buy” rating in a research note on Thursday, January 8th.

Capital Power Stock Performance

Capital Power stock opened at C$64.02 on Wednesday. Capital Power has a fifty-two week low of C$41.87 and a fifty-two week high of C$73.80. The firm’s 50 day simple moving average is C$59.86 and its 200-day simple moving average is C$62.58. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The company has a market cap of C$9.96 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 0.91 and a beta of 0.66.

Capital Power Company Profile

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S. Capital Power’s natural gas and coal facilities, specifically its Genesee and Shepard sites, account for most of its electric capacity and cash flow production.