Capital Power (TSE:CPX) Price Target Raised to C$72.00 at TD Securities

Capital Power (TSE:CPX) had its price target upped by TD Securities from C$69.00 to C$72.00 in a research note published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. Scotiabank boosted their price objective on shares of Capital Power from C$67.00 to C$70.00 and gave the company an “outperform” rating in a research note on Friday. Desjardins boosted their price target on shares of Capital Power from C$75.00 to C$80.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group downgraded Capital Power from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$59.00 to C$60.00 in a research report on Thursday, June 12th. CIBC boosted their target price on Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada upgraded Capital Power from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$65.00 to C$67.00 in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Capital Power presently has an average rating of “Moderate Buy” and an average price target of C$68.78.

Capital Power Stock Down 0.1%

Shares of TSE CPX opened at C$65.01 on Friday. The business has a 50-day simple moving average of C$59.42 and a two-hundred day simple moving average of C$54.33. Capital Power has a 52 week low of C$41.87 and a 52 week high of C$68.73. The company has a market cap of C$10.08 billion, a P/E ratio of 20.84, a P/E/G ratio of 0.91 and a beta of 0.47. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 136.03.

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.