Capital Power (TSE:CPX) received a C$36.00 price objective from investment analysts at Raymond James in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 5.39% from the company’s current price.
CPX has been the subject of a number of other research reports. TD Securities boosted their price target on Capital Power from C$36.00 to C$37.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets raised their price objective on Capital Power from C$29.00 to C$32.00 in a research note on Friday. CIBC lowered their target price on Capital Power from C$33.00 to C$32.00 in a research note on Wednesday, October 23rd. Royal Bank of Canada increased their target price on shares of Capital Power from C$31.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, National Bank Financial raised their price target on shares of Capital Power from C$39.00 to C$40.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Capital Power currently has an average rating of “Buy” and a consensus target price of C$34.50.
Shares of CPX stock traded up C$0.56 during trading hours on Friday, reaching C$34.16. The company’s stock had a trading volume of 240,420 shares, compared to its average volume of 299,705. The firm’s 50 day simple moving average is C$31.88 and its 200-day simple moving average is C$30.84. The company has a market capitalization of $3.59 billion and a price-to-earnings ratio of 84.14. Capital Power has a fifty-two week low of C$25.33 and a fifty-two week high of C$34.25. The company has a quick ratio of 0.30, a current ratio of 0.71 and a debt-to-equity ratio of 117.38.
Capital Power Company Profile
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.
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