CIBC Raises Capital Power (TSE:CPX) Price Target to C$68.00

Capital Power (TSE:CPX) had its target price boosted by equities research analysts at CIBC from C$54.00 to C$68.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price suggests a potential upside of 5.84% from the company’s previous close.

Several other research firms have also issued reports on CPX. Scotiabank lifted their target price on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. National Bankshares boosted their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 18th. Desjardins raised their target price on shares of Capital Power from C$60.00 to C$64.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reduced their price target on 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. Finally, TD Securities raised their price objective on Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Capital Power presently has a consensus rating of “Hold” and an average price target of C$62.78.

Capital Power Stock Performance

Shares of CPX stock opened at C$64.25 on Monday. The firm has a market cap of C$8.35 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. 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 company’s 50 day moving average is C$59.13 and its 200 day moving average is C$49.09.

Insiders Place Their Bets

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 transaction of C$308,355.00. 0.17% of the stock is currently owned by 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.