Capital Power (TSE:CPX) Given New C$70.00 Price Target at TD Securities

Capital Power (TSE:CPX) had its target price lifted by TD Securities from C$61.00 to C$70.00 in a research note released on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on the company. Royal Bank of Canada lowered their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. National Bankshares boosted their price target on Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their price target on Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Scotiabank raised Capital Power from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$46.00 to C$60.00 in a research report on Thursday, October 31st. Finally, ATB Capital upped their target price on Capital Power from C$55.00 to C$57.00 in a research report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$56.78.

Capital Power Price Performance

Shares of TSE CPX opened at C$67.85 on Wednesday. The business’s 50 day moving average price is C$55.34 and its two-hundred day moving average price is C$46.50. The company has a market cap of C$8.82 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73.

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.652 dividend. This represents a $2.61 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio (DPR) is currently 51.68%.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Over the last ninety days, insiders sold 6,300 shares of company stock worth $317,981. Company insiders own 0.17% of the company’s stock.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.