Capital Power Co. (TSE:CPX) Receives C$68.78 Consensus PT from Analysts

Capital Power Co. (TSE:CPX) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$68.78.

A number of equities research analysts have issued reports on CPX shares. Scotiabank increased their price objective on shares of Capital Power from C$67.00 to C$70.00 and gave the company an “outperform” rating in a report on Friday, September 19th. CIBC raised their target price on shares of Capital Power from C$66.00 to C$72.00 in a report on Thursday, July 10th. ATB Capital raised their target price on shares of Capital Power from C$60.00 to C$68.00 and gave the company a “sector perform” rating in a report on Friday, September 19th. TD Securities raised their target price on shares of Capital Power from C$69.00 to C$72.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Royal Bank Of Canada raised shares of Capital Power from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$65.00 to C$67.00 in a report on Thursday, July 31st.

Capital Power Trading Down 2.5%

Shares of CPX opened at C$71.21 on Thursday. The company has a debt-to-equity ratio of 136.03, a current ratio of 1.05 and a quick ratio of 0.55. Capital Power has a 1 year low of C$41.87 and a 1 year high of C$73.51. The company has a 50 day simple moving average of C$63.11 and a two-hundred day simple moving average of C$57.27. The firm has a market cap of C$11.05 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 0.91 and a beta of 0.49.

About Capital Power

Capital Power Corp is a North American power producer whose principal activities are developing, acquiring, and operating power plants. Through its subsidiary, Capital Power owns and operates a portfolio of natural gas, coal, wind, solar, and solid fuel energy generating facilities. These are located throughout Western and Central Canada and the U.S.