Brokerages Set Capital Power Co. (TSE:CPX) Target Price at C$63.33

Shares of Capital Power Co. (TSE:CPX) have received an average recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$63.33.

Several research firms have weighed in on CPX. Desjardins lifted their target price on Capital Power from C$66.00 to C$69.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada cut their price objective 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. BMO Capital Markets increased their price objective on Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a research note on Wednesday, December 18th. CIBC boosted their price objective on Capital Power from C$54.00 to C$68.00 and gave the stock a “neutral” rating in a research report on Monday, December 30th. Finally, ATB Capital boosted their target price on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 18th.

Capital Power Trading Up 2.1 %

TSE CPX opened at C$52.07 on Friday. 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 has a market capitalization of C$7.35 billion, a P/E ratio of 12.37, a PEG ratio of 0.91 and a beta of 0.64. The firm’s 50-day moving average is C$59.33 and its two-hundred day moving average is C$53.39. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$68.73.

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.