Capital Power Co. (TSE:CPX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Capital Power Co. (TSE:CPX) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$65.78.

Several equities analysts have issued reports on CPX shares. Royal Bank Of Canada upgraded Capital Power from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$65.00 to C$67.00 in a research report on Thursday. Desjardins lifted their price target on Capital Power from C$67.00 to C$68.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. TD Securities upped their price objective on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets raised Capital Power from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group lowered shares of Capital Power from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$59.00 to C$60.00 in a research report on Thursday, June 12th.

Capital Power Stock Performance

TSE CPX opened at C$56.51 on Friday. The firm has a market cap of C$7.98 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 52-week low of C$41.87 and a 52-week high of C$68.73. The business’s 50-day moving average price is C$57.05 and its 200 day moving average price is C$53.17. 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 other news, Senior Officer Jason Daniel Comandante sold 2,000 shares of the business’s stock in a transaction 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 company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of C$53.63, for a total transaction of C$51,590.14. In the last three months, insiders sold 8,672 shares of company stock worth $460,121. Corporate insiders own 0.17% of the company’s stock.

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.