Capital Power (TSE:CPX) Given New C$78.00 Price Target at TD Securities

Capital Power (TSE:CPX) had its price objective lifted by TD Securities from C$72.00 to C$78.00 in a research note published on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the company. National Bankshares upped their price objective on Capital Power from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Evercore ISI upgraded Capital Power to a “strong-buy” rating in a research report on Monday, October 6th. ATB Capital upped their target price on Capital Power from C$60.00 to C$68.00 and gave the company a “sector perform” rating in a research note on Friday, September 19th. CIBC upped their target price on Capital Power from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Scotiabank upped their target price on Capital Power from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$72.33.

Capital Power Trading Up 1.0%

Shares of CPX stock opened at C$70.60 on Tuesday. Capital Power has a 1 year low of C$41.87 and a 1 year high of C$73.51. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. The stock’s 50 day simple moving average is C$64.53 and its two-hundred day simple moving average is C$58.60. The company has a market cap of C$10.95 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49.

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.