ATB Capital Boosts Capital Power (TSE:CPX) Price Target to C$57.00

Capital Power (TSE:CPX) had its price objective boosted by stock analysts at ATB Capital from C$55.00 to C$57.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. ATB Capital’s price target points to a potential downside of 8.12% from the stock’s current price.

CPX has been the subject of a number of other reports. Scotiabank raised Capital Power from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$46.00 to C$60.00 in a report on Thursday, October 31st. CIBC increased their price objective on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Royal Bank of Canada reduced their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on shares of Capital Power from C$47.00 to C$56.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Capital Power presently has a consensus rating of “Hold” and an average target price of C$55.33.

Capital Power Price Performance

Shares of TSE:CPX opened at C$62.04 on Wednesday. The business’s 50 day moving average is C$53.52 and its 200-day moving average is C$45.46. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The firm has a market capitalization of C$8.06 billion, a PE ratio of 12.29, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$64.39.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. In the last ninety days, insiders have sold 6,300 shares of company stock worth $317,981. Insiders own 0.17% of the company’s stock.

About Capital Power

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.