Capital Power (TSE:CPX) Price Target Raised to C$69.00 at Scotiabank

Capital Power (TSE:CPX) had its target price boosted by Scotiabank from C$66.00 to C$69.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the company. Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. BMO Capital Markets raised their target price on Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a report on Wednesday. TD Securities increased their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. National Bankshares boosted their target price on shares of 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. Finally, CIBC raised their price target on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$61.22.

Capital Power Price Performance

CPX opened at C$62.76 on Wednesday. The company has a 50 day moving average of C$57.04 and a two-hundred day moving average of C$47.68. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The company has a market cap of C$8.16 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s payout ratio is currently 51.68%.

Insiders Place Their Bets

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power 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. 0.17% of the stock is currently owned by company insiders.

About Capital Power

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.