Capital Power (TSE:CPX) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Capital Power Co. (TSE:CPX) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$54.81 and traded as low as C$41.87. Capital Power shares last traded at C$44.47, with a volume of 1,413,764 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Desjardins lifted their price target on Capital Power from C$66.00 to C$69.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. CIBC upgraded shares of Capital Power from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from C$68.00 to C$64.00 in a research report on Tuesday, February 18th. Scotiabank increased their target price on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. ATB Capital lowered their price target on Capital Power from C$63.00 to C$62.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Finally, Cibc World Mkts raised Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$62.33.

Capital Power Price Performance

The stock’s 50 day simple moving average is C$50.15 and its 200-day simple moving average is C$54.81. The stock has a market capitalization of C$6.28 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.91 and a beta of 0.64. 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.