BMO Capital Markets Increases Capital Power (TSE:CPX) Price Target to C$32.00

Capital Power (TSE:CPX) had its price objective boosted by BMO Capital Markets from C$29.00 to C$32.00 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential downside of 6.32% from the company’s previous close.

CPX has been the subject of several other research reports. Raymond James reaffirmed an “outperform” rating and set a C$36.00 price objective on shares of Capital Power in a research note on Tuesday, October 29th. CIBC decreased their target price on shares of Capital Power from C$33.00 to C$32.00 in a research note on Wednesday, October 23rd. National Bank Financial upped their price target on Capital Power from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada increased their price target on Capital Power from C$31.00 to C$33.00 and gave the company a “sector perform” rating in a report on Friday. Finally, Scotiabank lifted their price objective on Capital Power from C$31.00 to C$34.00 in a research report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Capital Power has a consensus rating of “Buy” and an average target price of C$34.50.

Shares of TSE:CPX traded up C$0.56 during midday trading on Friday, hitting C$34.16. The company’s stock had a trading volume of 240,420 shares, compared to its average volume of 299,705. The business’s 50 day simple moving average is C$31.88 and its 200 day simple moving average is C$30.84. The company has a debt-to-equity ratio of 117.38, a quick ratio of 0.30 and a current ratio of 0.71. The company has a market cap of $3.59 billion and a P/E ratio of 84.14. Capital Power has a 12-month low of C$25.33 and a 12-month high of C$34.25.

In related news, Senior Officer Burness Kathryn Chisholm sold 18,697 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 15,896 shares of the company’s stock, valued at C$510,283.85.

About Capital Power

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.

See Also: Should I invest in “strong buy” stocks?

Analyst Recommendations for Capital Power (TSE:CPX)

Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.