Royal Bank Of Canada Analysts Give Capital Power (TSE:CPX) a C$80.00 Price Target

Royal Bank Of Canada set a C$80.00 price target on Capital Power (TSE:CPX) in a report issued on Thursday,BayStreet reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently issued reports on CPX. Canadian Imperial Bank of Commerce dropped their price objective on Capital Power from C$85.00 to C$83.00 in a report on Thursday, July 30th. BMO Capital Markets reduced their target price on Capital Power from C$85.00 to C$81.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of Capital Power from C$72.00 to C$75.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. National Bank Financial upped their price objective on shares of Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Finally, Scotiabank decreased their price objective on Capital Power from C$80.00 to C$79.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$80.10.

Capital Power Stock Down 0.5%

Capital Power stock opened at C$61.38 on Thursday. The firm has a 50 day simple moving average of C$66.21 and a 200 day simple moving average of C$67.15. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 150.64. Capital Power has a 1-year low of C$56.48 and a 1-year high of C$77.02. The firm has a market capitalization of C$9.64 billion, a price-to-earnings ratio of 107.68, a P/E/G ratio of 0.91 and a beta of 0.61.

Capital Power (TSE:CPX) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$714.00 million during the quarter. Capital Power had a return on equity of 2.31% and a net margin of 3.05%. On average, analysts predict that Capital Power will post 2.8197088 earnings per share for the current year.

Insider Activity

In related news, insider Jason Daniel Comandante sold 1,500 shares of Capital Power stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total value of C$112,320.00. Following the transaction, the insider directly owned 8,711 shares of the company’s stock, valued at C$652,279.68. The trade was a 14.69% decrease in their ownership of the stock. Corporate insiders own 0.17% of the company’s stock.

Capital Power Company Profile

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.