Capital Power Co. (TSE:CPX) Given Average Recommendation of “Moderate Buy” by Analysts

Capital Power Co. (TSE:CPX) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$68.78.

CPX has been the topic of a number of recent analyst reports. National Bankshares raised their target price on shares of Capital Power from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Desjardins boosted their price target on shares of Capital Power from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. CIBC boosted their price target on shares of Capital Power from C$66.00 to C$72.00 in a research report on Thursday, July 10th. 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 report on Friday, September 19th. Finally, Royal Bank Of Canada upgraded shares of Capital Power from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$65.00 to C$67.00 in a research report on Thursday, July 31st.

Capital Power Stock Performance

CPX opened at C$72.57 on Thursday. Capital Power has a 12-month low of C$41.87 and a 12-month high of C$73.35. The company has a market cap of C$11.26 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 0.91 and a beta of 0.49. The company’s 50 day moving average is C$62.61 and its 200 day moving average is C$56.88. The company has a current ratio of 1.05, a quick ratio of 0.55 and a debt-to-equity ratio of 136.03.

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.