Capital Power (TSE:CPX) Price Target Raised to C$63.00

Capital Power (TSE:CPX) had its target price lifted by ATB Capital from C$57.00 to C$63.00 in a research report report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other analysts also recently issued reports about the stock. Royal Bank of Canada reduced their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 31st. BMO Capital Markets raised their target price on shares of Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a research note on Wednesday. National Bankshares boosted their price target on 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. Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Desjardins boosted their target price on Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$61.22.

Capital Power Trading Up 0.9 %

TSE CPX opened at C$63.15 on Wednesday. The stock’s 50 day moving average is C$57.79 and its 200 day moving average is C$48.21. 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 firm has a market capitalization of C$8.21 billion, a PE ratio of 12.50, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.652 per share. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s payout ratio is currently 51.68%.

Insider Buying and Selling

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 shares were sold at an average price of C$50.55, for a total value of C$308,355.00. 0.17% of the stock is owned by corporate 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.