Capital Power (TSE:CPX) Downgraded by Jefferies Financial Group to Hold

Jefferies Financial Group cut shares of Capital Power (TSE:CPX) from a buy rating to a hold rating in a report published on Thursday morning,BayStreet.CA reports. Jefferies Financial Group currently has C$60.00 price objective on the stock, up from their previous price objective of C$59.00.

Several other analysts have also weighed in on CPX. BMO Capital Markets upgraded shares of Capital Power from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. National Bankshares decreased their price target on shares of Capital Power from C$65.00 to C$62.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. ATB Capital dropped their price objective on shares of Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Desjardins raised their target price on shares of Capital Power from C$67.00 to C$68.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, Cibc World Mkts raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$63.11.

Capital Power Stock Up 1.0%

Shares of Capital Power stock opened at C$56.17 on Thursday. The business has a 50-day moving average price of C$51.82 and a 200 day moving average price of C$54.42. Capital Power has a fifty-two week low of C$38.33 and a fifty-two week high of C$68.73. The firm has a market cap of C$7.93 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03.

Insider Activity at Capital Power

In related news, Senior Officer Jason Daniel Comandante sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of C$52.95, for a total transaction of C$105,900.00. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of C$53.63, for a total value of C$51,590.14. Insiders have sold a total of 8,672 shares of company stock worth $460,121 in the last three months. 0.17% of the stock is owned by company insiders.

Capital Power Company Profile

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.