Analysts Set Capital Power Co. (TSE:CPX) Price Target at C$62.33

Shares of Capital Power Co. (TSE:CPX) have received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$62.33.

A number of equities research analysts have recently issued reports on CPX shares. CIBC raised shares of Capital Power from a “neutral” rating to an “outperform” rating and reduced their target price for the company from C$68.00 to C$64.00 in a research report on Tuesday, February 18th. Desjardins increased their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. BMO Capital Markets dropped their target price on shares of Capital Power from C$68.00 to C$64.00 and set a “market perform” rating for the company in a report on Thursday, February 27th. ATB Capital lowered their price objective on Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Finally, National Bankshares increased their target price on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th.

Capital Power Price Performance

TSE:CPX opened at C$47.24 on Wednesday. The firm’s fifty day moving average price is C$55.80 and its two-hundred day moving average price is C$54.33. The company has a market cap of C$6.67 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a one year low of C$33.90 and a one year high of C$68.73. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55.

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.