Capital Power (TSE:CPX) Stock Price Expected to Rise, National Bankshares Analyst Says

Capital Power (TSE:CPX) had its price objective hoisted by equities researchers at National Bankshares from C$56.00 to C$65.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 1.61% from the company’s current price.

Several other analysts have also recently issued reports on the stock. CIBC increased their price target on shares of Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Scotiabank increased their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada reduced their price target on shares of 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. TD Securities increased their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Atb Cap Markets cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$61.22.

Capital Power Price Performance

TSE:CPX traded up C$0.65 during trading hours on Wednesday, reaching C$63.97. 287,473 shares of the company were exchanged, compared to its average volume of 493,073. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The stock’s 50-day moving average is C$57.04 and its 200-day moving average is C$47.68. The firm has a market cap of C$8.31 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73.

Insider Activity

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. 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.