Scotiabank Raises Capital Power (TSE:CPX) Price Target to C$67.00

Capital Power (TSE:CPX) had its target price increased by research analysts at Scotiabank from C$64.00 to C$67.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 10.74% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. National Bankshares cut their price target on Capital Power from C$65.00 to C$62.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. 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 target on Capital Power from C$70.00 to C$66.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group lowered Capital Power from a “buy” rating to a “hold” rating and increased their price target for the stock from C$59.00 to C$60.00 in a research note on Thursday, June 12th. Finally, Desjardins increased their price target on Capital Power from C$67.00 to C$68.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$63.78.

Capital Power Price Performance

TSE CPX opened at C$60.50 on Friday. The business’s fifty day moving average price is C$55.77 and its 200-day moving average price is C$53.19. The stock has a market capitalization of C$8.54 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. Capital Power has a 1-year low of C$39.95 and a 1-year high of C$68.73.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 962 shares of Capital Power 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. Also, Senior Officer Jason Daniel Comandante sold 2,000 shares of Capital Power stock in a transaction on Monday, May 12th. The stock was sold at an average price of C$52.95, for a total transaction of C$105,900.00. Insiders have sold a total of 8,672 shares of company stock valued at $460,121 over the last ninety days. 0.17% of the stock is owned by company insiders.

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.