Capital Power (TSE:CPX) has been given a C$37.00 price target by National Bank Financial in a report issued on Tuesday, April 30th, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 24.12% from the stock’s current price.
CPX has been the topic of several other reports. CSFB raised their price target on Capital Power from C$28.00 to C$32.00 in a research report on Thursday, April 25th. CIBC raised their price target on Capital Power from C$31.50 to C$32.50 in a research report on Wednesday, April 24th. Raymond James reiterated a “market perform” rating and set a C$31.00 target price on shares of Capital Power in a report on Wednesday, February 20th. Royal Bank of Canada lifted their target price on Capital Power from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 20th. Finally, TD Securities lifted their target price on Capital Power from C$31.00 to C$33.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$32.69.
CPX stock remained flat at $C$29.81 during midday trading on Tuesday. The company had a trading volume of 164,848 shares, compared to its average volume of 291,853. The firm has a market cap of $3.04 billion and a PE ratio of 12.20. The company has a debt-to-equity ratio of 81.76, a current ratio of 0.95 and a quick ratio of 0.57. Capital Power has a 12-month low of C$24.75 and a 12-month high of C$32.44.
In other Capital Power news, Senior Officer Darcy Trufyn sold 9,000 shares of Capital Power stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of C$30.68, for a total value of C$276,120.00. Following the sale, the insider now owns 36,495 shares of the company’s stock, valued at approximately C$1,119,666.60. Also, Senior Officer Bryan Deneve sold 20,904 shares of Capital Power stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$30.00, for a total value of C$627,120.00. Following the completion of the sale, the insider now directly owns 83,304 shares in the company, valued at approximately C$2,499,120.
About Capital Power
Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.
Recommended Story: What Does Beta Mean In Stock Selection
Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.