Capital Power (TSE:CPX) Price Target Increased to C$35.00 by Analysts at CIBC

Capital Power (TSE:CPX) had its target price boosted by CIBC from C$34.00 to C$35.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Several other research firms also recently weighed in on CPX. TD Securities lifted their target price on Capital Power from C$36.00 to C$37.00 and gave the stock a buy rating in a research report on Friday, December 6th. Royal Bank of Canada lifted their target price on Capital Power from C$31.00 to C$33.00 and gave the stock a sector perform rating in a research report on Friday, December 6th. BMO Capital Markets lifted their target price on Capital Power from C$29.00 to C$32.00 in a research report on Friday, December 6th. Raymond James set a C$36.00 target price on Capital Power and gave the stock an outperform rating in a research report on Friday, December 6th. Finally, National Bank Financial lifted their target price on Capital Power from C$39.00 to C$40.00 and gave the stock an outperform rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Capital Power currently has a consensus rating of Buy and a consensus target price of C$34.88.

CPX traded up C$0.27 during trading on Wednesday, reaching C$35.24. The company had a trading volume of 132,308 shares, compared to its average volume of 251,914. Capital Power has a 52 week low of C$28.38 and a 52 week high of C$35.29. The stock has a market cap of $3.74 billion and a P/E ratio of 86.80. The business has a 50 day simple moving average of C$34.26 and a 200-day simple moving average of C$31.67. The company has a quick ratio of 0.30, a current ratio of 0.71 and a debt-to-equity ratio of 117.38.

Capital Power (TSE:CPX) last released its earnings results on Monday, October 28th. The company reported C$0.60 earnings per share for the quarter, topping the consensus estimate of C$0.58 by C$0.02. The business had revenue of C$484.00 million for the quarter. As a group, equities research analysts expect that Capital Power will post 1.8099997 EPS for the current fiscal year.

In other news, Senior Officer Burness Kathryn Chisholm sold 18,697 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$32.10, for a total transaction of C$600,199.88. Following the transaction, the insider now 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.

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Analyst Recommendations for Capital Power (TSE:CPX)

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