Raymond James Reiterates C$36.00 Price Target for Capital Power (TSE:CPX)

Capital Power (TSE:CPX) received a C$36.00 price objective from equities research analysts at Raymond James in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 5.79% from the company’s current price.

A number of other brokerages have also weighed in on CPX. Scotiabank raised their price target on shares of Capital Power from C$31.00 to C$34.00 in a research note on Friday. CIBC reduced their target price on Capital Power from C$33.00 to C$32.00 in a report on Wednesday, October 23rd. TD Securities increased their target price on Capital Power from C$36.00 to C$37.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets raised their target price on Capital Power from C$29.00 to C$32.00 in a research report on Friday. Finally, National Bank Financial lifted their price target on Capital Power from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Capital Power has a consensus rating of “Buy” and a consensus price target of C$34.50.

CPX stock opened at C$34.03 on Friday. Capital Power has a 52 week low of C$25.33 and a 52 week high of C$34.25. The company has a quick ratio of 0.30, a current ratio of 0.71 and a debt-to-equity ratio of 117.38. The firm has a 50-day simple moving average of C$31.95 and a 200-day simple moving average of C$30.86. The stock has a market capitalization of $3.59 billion and a P/E ratio of 83.82.

In other news, Senior Officer Burness Kathryn Chisholm sold 18,697 shares of the 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 directly owns 15,896 shares in the company, valued at C$510,283.85.

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 5,100 megawatts of power generation capacity.

Further Reading: Reverse Stock Split

Analyst Recommendations for Capital Power (TSE:CPX)

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