Desjardins Raises Capital Power (TSE:CPX) Price Target to C$68.00

Capital Power (TSE:CPX) had its target price upped by Desjardins from C$67.00 to C$68.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 27.39% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. ATB Capital dropped their target price on shares of Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Cibc World Mkts upgraded Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets upgraded Capital Power from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. TD Securities cut their price objective on shares of Capital Power from C$70.00 to C$66.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, CIBC raised shares of Capital Power from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from C$68.00 to C$64.00 in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$63.50.

Capital Power Price Performance

TSE CPX opened at C$53.38 on Thursday. Capital Power has a fifty-two week low of C$35.69 and a fifty-two week high of C$68.73. The company has a debt-to-equity ratio of 136.03, a quick ratio of 0.55 and a current ratio of 1.05. The company has a market capitalization of C$7.54 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The business’s fifty day moving average is C$48.11 and its 200 day moving average is C$54.52.

About Capital Power

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.