Capital Power (TSE:CPX) Stock Rating Upgraded by Royal Bank Of Canada

Capital Power (TSE:CPX) was upgraded by stock analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a C$67.00 price target on the stock, up from their previous price target of C$65.00. Royal Bank Of Canada’s target price would indicate a potential upside of 18.56% from the company’s current price.

A number of other research firms also recently commented on CPX. National Bankshares boosted their price objective on Capital Power from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Thursday. CIBC boosted their price objective on Capital Power from C$66.00 to C$72.00 in a research note on Thursday, July 10th. TD Securities boosted their price objective on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets raised Capital Power from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Desjardins boosted their target price on Capital Power from C$67.00 to C$68.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$65.78.

Capital Power Stock Down 2.7%

CPX opened at C$56.51 on Thursday. Capital Power has a one year low of C$41.87 and a one year 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 stock’s fifty day moving average is C$57.05 and its 200-day moving average is C$53.17. The company has a market capitalization of C$7.98 billion, a PE ratio of 13.43, a P/E/G ratio of 0.91 and a beta of 0.64.

Insider Activity

In other news, 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. Also, Senior Officer Sandra Anne Haskins sold 5,710 shares of Capital Power stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$53.00, for a total value of C$302,631.14. Over the last quarter, insiders have sold 8,672 shares of company stock worth $460,121. 0.17% of the stock is owned by corporate 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.