Capital Power (TSE:CPX) Price Target Raised to C$69.00

Capital Power (TSE:CPX) had its price objective boosted by Scotiabank from C$66.00 to C$69.00 in a research note released on Wednesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other analysts also recently weighed in on the company. BMO Capital Markets upped their price objective on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday. National Bankshares increased their target price on shares of Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada decreased their price target on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. TD Securities increased their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, CIBC raised their target price on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$61.22.

Capital Power Stock Up 0.9 %

Shares of CPX opened at C$63.15 on Wednesday. The firm has a 50 day simple moving average of C$57.79 and a two-hundred day simple moving average of C$48.21. The company has a market cap of C$8.21 billion, a P/E ratio of 12.50, 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 133.46, a current ratio of 0.88 and a quick ratio of 0.55.

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 given a $0.652 dividend. This represents a $2.61 annualized dividend and a yield of 4.13%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio (DPR) is currently 51.68%.

Insider Activity

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