CIBC Raises Capital Power (TSE:CPX) Price Target to C$68.00

Capital Power (TSE:CPX) had its price target upped by CIBC from C$54.00 to C$68.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

CPX has been the subject of several other reports. National Bankshares raised their price target on Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. TD Securities raised their target price on Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Scotiabank upped 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 note on Wednesday, December 18th. BMO Capital Markets increased their price target on shares of Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a report on Wednesday, December 18th. Finally, Desjardins boosted their price objective on shares of Capital Power from C$60.00 to C$64.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$62.78.

Capital Power Trading Down 0.9 %

TSE CPX opened at C$63.72 on Monday. 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 stock has a market capitalization of C$8.28 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. The firm has a 50-day moving average price of C$59.84 and a 200 day moving average price of C$49.61.

Capital Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.652 dividend. This represents a $2.61 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s dividend payout ratio (DPR) is presently 51.68%.

Insider Transactions at Capital Power

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