CIBC Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its target price lifted by CIBC from C$72.00 to C$85.00 in a research report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts also recently weighed in on CPX. Scotiabank boosted their price target on Capital Power from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a report on Monday. ATB Capital boosted their price target on Capital Power from C$60.00 to C$68.00 and gave the company a “sector perform” rating in a report on Friday, September 19th. TD Securities boosted their price target on Capital Power from C$69.00 to C$72.00 and gave the company a “buy” rating in a report on Friday, September 19th. Evercore ISI upgraded Capital Power to a “strong-buy” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada upgraded Capital Power from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$65.00 to C$67.00 in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Capital Power has a consensus rating of “Moderate Buy” and an average price target of C$71.33.

Capital Power Trading Up 0.2%

Shares of Capital Power stock opened at C$71.34 on Monday. 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$41.87 and a 1 year high of C$73.51. The company has a market capitalization of C$11.07 billion, a P/E ratio of 22.87, a P/E/G ratio of 0.91 and a beta of 0.49. The business has a 50 day moving average price of C$63.33 and a 200 day moving average price of C$57.53.

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.