Capital Power (TSE:CPX) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Capital Power (TSE:CPX) had its price objective hoisted by equities researchers at Royal Bank Of Canada from C$67.00 to C$80.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 12.68% from the stock’s previous close.

A number of other brokerages have also weighed in on CPX. TD Securities increased their price target on Capital Power from C$72.00 to C$78.00 and gave the stock a “buy” rating in a research note on Tuesday. National Bankshares increased their price target on 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. Evercore ISI raised Capital Power to a “strong-buy” rating in a research note on Monday, October 6th. Desjardins increased their target price on Capital Power from C$80.00 to C$83.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, ATB Capital increased their target price on Capital Power from C$60.00 to C$68.00 and gave the stock a “sector perform” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$74.33.

Capital Power Trading Up 1.1%

Shares of Capital Power stock opened at C$71.00 on Thursday. Capital Power has a fifty-two week low of C$41.87 and a fifty-two week high of C$73.65. The firm has a market cap of C$11.01 billion, a PE ratio of 22.76, a P/E/G ratio of 0.91 and a beta of 0.49. The business’s fifty day moving average is C$65.22 and its two-hundred day moving average is C$59.03. The company has a quick ratio of 0.55, a current ratio of 1.05 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.