Scotiabank Boosts Capital Power (TSE:CPX) Price Target to C$46.00

Capital Power (TSE:CPX) had its price objective increased by Scotiabank from C$43.00 to C$46.00 in a report issued on Thursday, Marketbeat reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the company. ATB Capital boosted their target price on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. National Bankshares boosted their target price on Capital Power from C$43.00 to C$44.00 in a report on Thursday. BMO Capital Markets upped their price target on Capital Power from C$38.00 to C$42.00 in a report on Thursday. Royal Bank of Canada cut their price target on Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a report on Thursday, May 2nd. Finally, Raymond James cut their price target on Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a report on Thursday, April 25th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of C$46.50.

Capital Power Stock Down 1.2 %

CPX opened at C$42.86 on Thursday. The business has a 50 day moving average price of C$40.37 and a 200 day moving average price of C$38.31. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$43.58. The company has a debt-to-equity ratio of 125.95, a quick ratio of 0.55 and a current ratio of 0.75. The firm has a market cap of C$5.53 billion, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58.

Capital Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a dividend yield of 6.08%. This is a positive change from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, September 27th. Capital Power’s dividend payout ratio is presently 47.04%.

Insider Activity at Capital Power

In other news, Senior Officer Bryan Deneve bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of C$37.14 per share, for a total transaction of C$185,700.00. 0.17% of the stock is currently owned by corporate insiders.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.